Quebecor (TSE:QBR.B) Price Target Increased to C$42.00 by Analysts at Desjardins

Quebecor (TSE:QBR.BGet Free Report) had its target price raised by Desjardins from C$41.50 to C$42.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 26.70% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Scotiabank raised Quebecor from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$36.00 to C$38.25 in a research note on Thursday, January 4th. BMO Capital Markets upped their target price on Quebecor from C$39.00 to C$42.00 in a research note on Monday, December 11th. Canaccord Genuity Group increased their target price on Quebecor from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Royal Bank of Canada lowered their target price on Quebecor from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 9th. Finally, CIBC decreased their price target on Quebecor from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$40.03.

View Our Latest Stock Analysis on QBR.B

Quebecor Stock Up 0.9 %

QBR.B stock traded up C$0.30 on Friday, hitting C$33.15. 184,759 shares of the company’s stock were exchanged, compared to its average volume of 331,461. Quebecor has a 12-month low of C$27.25 and a 12-month high of C$35.61. The firm has a 50 day moving average price of C$31.42 and a two-hundred day moving average price of C$30.78. The company has a debt-to-equity ratio of 468.25, a quick ratio of 0.35 and a current ratio of 0.81. The stock has a market cap of C$5.10 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43.

About Quebecor

(Get Free Report)

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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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