RBC Capital Keeps Their Hold Rating on Quebecor (QBCRF)

In a report released on July 9, Drew Mcreynolds from RBC Capital maintained a Hold rating on Quebecor, with a price target of C$70.00. The company’s shares closed yesterday at C$68.83.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

Mcreynolds covers the Communication Services sector, focusing on stocks such as BCE, Telus, and Rogers Communication. According to TipRanks, Mcreynolds has an average return of 3.9% and a 51.64% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Quebecor with a C$68.91 average price target, implying a 0.12% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to a Hold with a C$68.00 price target.

QBCRF market cap is currently C$15.52B and has a P/E ratio of 17.60.