TD Securities Lowers Quebecor (TSE:QBR.B) Price Target to C$39.00

Quebecor (TSE:QBR.B) had its target price reduced by stock analysts at TD Securities from C$40.00 to C$39.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 17.15% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada lifted their price objective on Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. Scotiabank cut Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets upped their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Stock Performance

TSE:QBR.B traded down C$0.23 during trading hours on Friday, reaching C$33.29. The stock had a trading volume of 156,603 shares, compared to its average volume of 675,622. The stock has a 50 day simple moving average of C$34.57 and a 200 day simple moving average of C$31.40. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90. The stock has a market cap of C$5.25 billion, a P/E ratio of 10.49, a price-to-earnings-growth 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.

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.