Quebecor (TSE:QBR.B) Price Target Lowered to C$39.00 at CIBC

Quebecor (TSE:QBR.B) had its price objective trimmed by CIBC from C$40.00 to C$39.00 in a research note released on Monday,BayStreet.CA reports.

Several other research analysts also recently issued reports on QBR.B. Scotiabank reduced their price target on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. National Bankshares dropped their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Finally, TD Securities boosted their price objective on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$37.79.

Quebecor Stock Up 1.9 %

Shares of TSE QBR.B opened at C$32.72 on Monday. The firm’s 50-day simple moving average is C$31.78 and its 200 day simple moving average is C$32.66. The company has a market cap of C$5.16 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 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.

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.