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

Quebecor, Inc. (TSE:QBR.B) has been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$38.19.

QBR.B has been the topic of a number of research reports. Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Scotiabank decreased their price objective on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. BMO Capital Markets lifted their target price on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. CIBC increased their price target on Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Finally, TD Securities lowered their price objective on 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.

Quebecor Stock Performance

TSE QBR.B opened at C$31.17 on Wednesday. The firm’s fifty day moving average price is C$33.42 and its two-hundred day moving average price is C$32.01. The stock has a market cap of C$4.92 billion, a PE ratio of 9.83, a PEG ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week 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.