Quebecor, Inc. (TSE:QBR.B) Receives Average Rating of “Moderate Buy” from Analysts

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$36.81.

QBR.B has been the subject of a number of recent analyst reports. CIBC lowered their price target on shares of Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Scotiabank decreased their price objective on shares of Quebecor from C$38.50 to C$37.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. National Bankshares decreased their price objective on shares of Quebecor from C$38.00 to C$37.00 in a report on Friday, May 10th. Royal Bank of Canada decreased their price objective on shares of Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a report on Wednesday, April 10th. Finally, TD Securities decreased their price objective on shares of Quebecor from C$43.00 to C$37.00 in a report on Friday, May 10th.

Quebecor Price Performance

QBR.B opened at C$28.80 on Wednesday. The company has a fifty day simple moving average of C$29.23 and a 200 day simple moving average of C$30.49. The firm has a market cap of C$4.43 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.32 and a beta of 0.37. Quebecor has a twelve month low of C$27.25 and a twelve month high of C$34.47. The company has a current ratio of 0.65, a quick ratio of 0.35 and a debt-to-equity ratio of 411.72.

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.