Quebecor, Inc. (TSE:QBR.B) Receives C$36.81 Consensus Target Price from Analysts

Quebecor, Inc. (TSE:QBR.B) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$36.81.

Several equities analysts have commented on QBR.B shares. BMO Capital Markets cut Quebecor from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. TD Securities decreased their price objective on shares of Quebecor from C$43.00 to C$37.00 in a report on Friday, May 10th. CIBC decreased their target price on Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Royal Bank of Canada reduced their target price on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 10th. Finally, Scotiabank dropped their target price on Quebecor from C$38.50 to C$37.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th.

Quebecor Trading Down 0.2 %

Shares of Quebecor stock opened at C$28.87 on Wednesday. The firm has a 50-day simple moving average of C$29.23 and a two-hundred day simple moving average of C$30.52. The company has a debt-to-equity ratio of 411.72, a quick ratio of 0.35 and a current ratio of 0.65. Quebecor has a fifty-two week low of C$27.25 and a fifty-two week high of C$34.47. The company has a market cap of C$4.45 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.37.

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.