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National Bank Believes Quebecor Inc Cl A MV (QBR.A) Won’t Stop Here


A Wall Street analyst has provided a review for the Technology company today, but retained the same rating on the stock. Analyst Adam Shine from National Bank rated Quebecor Inc Cl A MV (QBR.A) a Buy, setting a C$33 price target.

Shine has an average return of 1.9% when recommending Quebecor Inc Cl A MV.

According to TipRanks.com, Shine is ranked #2173 out of 4912 analysts.

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Currently, the analyst consensus on Quebecor Inc Cl A MV is a Moderate Buy with an average price target 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.