Quebecor (QBCRF) Receives a Buy from CIBC

In a report released today, Stephanie Price from CIBC maintained a Buy rating on Quebecor (QBCRF – Research Report), with a price target of C$40.00. The company’s shares closed last Friday at $23.29.

Price covers the Technology sector, focusing on stocks such as CGI Group, The Descartes Systems Group, and Enghouse Systems. According to TipRanks, Price has an average return of 11.5% and a 58.80% success rate on recommended stocks.

Quebecor has an analyst consensus of Moderate Buy, with a price target consensus of $27.47.

Based on Quebecor’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.39 billion and a net profit of $189 million. In comparison, last year the company earned a revenue of $1.42 billion and had a GAAP net loss of $1.45 billion

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Quebecor (QBCRF) Company Description:

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 Sports & Entertainment segment provides book publishing, music distribution and production operations. The media segment operation of an over-the-air television network and specialty television services, soundstage and equipment leasing and post-production services for the film and television industries. The company was founded by Pierre Péladeau on January 8, 1965 and is headquartered in Montreal, Canada.