BMO Capital Markets Boosts Quebecor (TSE:QBR.B) Price Target to C$37.00

Quebecor (TSE:QBR.B) had its price target increased by BMO Capital Markets from C$35.00 to C$37.00 in a report released on Thursday, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. National Bankshares dropped their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Friday, May 10th. Royal Bank of Canada raised their price target on Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Finally, TD Securities boosted their price objective on Quebecor from C$35.00 to C$37.00 and gave the stock a buy rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$37.44.

Quebecor Stock Performance

TSE QBR.B opened at C$33.81 on Thursday. The company’s 50 day simple moving average is C$30.98 and its two-hundred day simple moving average is C$30.21. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$34.17. The stock has a market capitalization of C$5.33 billion, a PE ratio of 10.67, a P/E/G ratio of 1.43 and a beta of 0.38.

About Quebecor

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.