Quebecor (TSE:QBR.B) PT Lowered to C$35.00

Quebecor (TSE:QBR.B) had its price objective lowered by Royal Bank of Canada from C$36.00 to C$35.00 in a research report report published on Wednesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

QBR.B has been the topic of several other reports. Desjardins upped their price target on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a buy rating in a research report on Friday, January 26th. Scotiabank upped their price target on shares of Quebecor from C$38.25 to C$38.75 and gave the stock an outperform rating in a research report on Friday, February 23rd. CIBC dropped their price target on shares of Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Canaccord Genuity Group dropped their price target on shares of Quebecor from C$35.00 to C$34.50 and set a buy rating on the stock in a research report on Friday, February 23rd. Finally, BMO Capital Markets lowered shares of Quebecor from an outperform rating to a market perform rating and dropped their price target for the stock from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$38.41.

Quebecor Stock Performance

Shares of QBR.B opened at C$29.71 on Wednesday. Quebecor has a 12 month low of C$27.25 and a 12 month high of C$35.44. The firm has a fifty day simple moving average of C$30.84 and a 200 day simple moving average of C$30.67. The stock has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.84 and a beta of 0.38. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48.

Quebecor Company Profile

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.