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BMO Capital Believes Quebecor Inc Cl A MV (QBR.A) Still Has Room to Grow


Today, an analyst has provided a rating update for Quebecor Inc Cl A MV (QBR.A). Analyst Tim Casey from BMO Capital remains bullish on the stock and has a C$33 price target.

Casey has an average return of 15.6% when recommending Quebecor Inc Cl A MV.

According to TipRanks.com, Casey is ranked #1272 out of 4912 analysts.

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Quebecor Inc Cl A MV has an analyst consensus of Moderate Buy, with a price target consensus of C$31.64, representing a 14.8% upside. In a report released today, TD Securities also maintained a Buy rating on the stock with a C$32 price target.

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Based on Quebecor Inc Cl A MV’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$187 million. In comparison, last year the company had a net profit of C$172 million.

Quebecor, Inc. engages in the provision of telecommunications, entertainment, and news media services. It operates through the following business segments: Telecommunications, Media, and Sports & Entertainment. The Telecommunications segment provides mobile devices and services under contracts with multiple deliverables and for a fixed period of time.

The company’s shares closed on Friday at C$27.57, close to its 52-week high of C$28.44.