Quebecor (TSE:QBR.B) Price Target Lowered to C$37.00 at Scotiabank

Quebecor (TSE:QBR.B) had its price target lowered by Scotiabank from C$38.00 to C$37.00 in a research report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 14.55% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada cut their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. TD Securities lowered their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, CIBC increased their price objective on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$37.94.

Quebecor Price Performance

QBR.B traded down C$0.04 during trading on Tuesday, hitting C$32.30. 1,036,681 shares of the company traded hands, compared to its average volume of 700,015. The company has a market cap of C$5.10 billion, a PE ratio of 10.19, a P/E/G ratio of 1.43 and a beta of 0.39. The stock’s 50-day simple moving average is C$34.23 and its two-hundred day simple moving average is C$31.67. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90. The company has a current ratio of 1.01, a quick ratio of 0.35 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.