Quebecor (TSE:QBR) Downgraded to Hold Rating by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Quebecor (TSE:QBR) from a strong-buy rating to a hold rating in a research note published on Friday morning,Zacks.com reports.

QBR has been the topic of several other research reports. TD Securities raised Quebecor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. National Bank Financial raised Quebecor from a “hold” rating to a “strong-buy” rating in a report on Sunday, April 12th. Three equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Quebecor Price Performance

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation. The company’s Media segment is involved in the operation of over-the-air television network and specialty television services; provides soundstage and equipment rental, and post-production services for the film and television industries; prints, publishes, and distributes daily newspapers; operates news and entertainment digital platforms and a music streaming service; publishes and distributes magazines; produces and distributes audiovisual content; and operates an out-of-home advertising business.