RBC Capital Believes Quebecor Inc Cl A MV (QBR.A) Won’t Stop Here


Quebecor Inc Cl A MV (QBR.A), the Technology company, was revisited by a Wall Street analyst today. Analyst Drew Mcreynolds from RBC Capital rated Quebecor Inc Cl A MV (QBR.A) a Buy, setting a C$35 price target.

According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 3.6% and a 53.6% success rate. Mcreynolds covers the Services sector, focusing on stocks such as Shaw Communications Inc, Points International, and Thomson Reuters Corp.

Read also: Top Analyst Pounds the Table on Shopify (SHOP) Stock

Quebecor Inc Cl A MV has an analyst consensus of Strong Buy, with a price target consensus of C$35.17.

Based on Quebecor Inc Cl A MV’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$117 million. In comparison, last year the company had a net profit of C$56.7 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 Tuesday at C$32.70, close to its 52-week high of C$34.24.

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