Quebecor (TSE:QBR.B) Price Target Lowered to C$37.00 at TD Securities

Quebecor (TSE:QBR.BFree Report) had its price objective decreased by TD Securities from C$43.00 to C$37.00 in a research report report published on Friday, BayStreet.CA reports.

Several other analysts have also recently commented on QBR.B. BMO Capital Markets cut Quebecor from an outperform rating to a market perform rating and reduced their target price for the company from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. 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 research report on Wednesday, April 10th. CIBC dropped their target price on shares of Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Scotiabank decreased their price target on Quebecor from C$38.50 to C$37.00 and set an outperform rating for the company in a report on Wednesday, April 17th. Finally, National Bankshares dropped their price objective on Quebecor from C$40.00 to C$38.00 and set an outperform rating on the stock in a research note on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$36.81.

View Our Latest Research Report on Quebecor

Quebecor Trading Up 1.0 %

TSE QBR.B opened at C$30.98 on Friday. Quebecor has a 12 month low of C$27.25 and a 12 month high of C$35.05. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. The firm has a market capitalization of C$4.77 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.84 and a beta of 0.37. The business’s 50-day moving average price is C$29.78 and its two-hundred day moving average price is C$30.75.

Quebecor Company Profile

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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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