Analysts Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$37.94

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$37.94.

Several equities research analysts recently weighed in on the stock. CIBC raised their price target on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Scotiabank reduced their target price on Quebecor from C$38.00 to C$37.00 in a report on Tuesday. TD Securities lowered their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Finally, Royal Bank of Canada lowered their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday, November 8th.

Quebecor Stock Up 0.4 %

QBR.B stock opened at C$32.32 on Friday. The business has a 50 day moving average of C$34.14 and a 200 day moving average of C$31.72. The firm has a market cap of C$5.10 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.