Canaccord Genuity analyst Aravinda Galappatthige maintained a Hold rating on Quebecor on Friday, setting a price target of C$29, which is approximately 42.51% above the present share price of $20.35.
Galappatthige expects Quebecor to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Quebecor, with an average price target of $24.48.
The analysts price targets range from a high of $26.33 to a low of $20.64.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.14 billion and a net profit of $308.2 million. The company's market cap is $5.18 billion.
According to TipRanks.com, Canaccord Genuity analyst Aravinda Galappatthige is a 2-star analyst with an average return of -0.2% and a 51.6% success rate.
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.
