Quebecor, Inc. (TSE:QBR.B) Receives C$37.94 Average Price Target from Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$38.19.

Several research firms have recently weighed in on QBR.B. Scotiabank reduced their price objective on Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. CIBC upped their price target on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Finally, TD Securities lowered their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday, November 8th.

Quebecor Trading Down 0.6 %

QBR.B opened at C$31.01 on Wednesday. The firm’s fifty day simple moving average is C$33.33 and its 200 day simple moving average is C$32.01. The stock has a market capitalization of C$4.89 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$35.90.

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.