Quebecor (TSE:QBR.B) Price Target Raised to C$37.00 at BMO Capital Markets

Quebecor (TSE:QBR.B) had its price objective increased by BMO Capital Markets from C$35.00 to C$37.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on QBR.B. National Bankshares dropped their price objective on Quebecor from C$38.00 to C$37.00 in a research report on Friday, May 10th. Royal Bank of Canada upped their target price on Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. Finally, TD Securities raised their price target on Quebecor from C$35.00 to C$37.00 and gave the stock a buy rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$37.44.

Quebecor Stock Up 0.6 %

Shares of TSE:QBR.B opened at C$33.81 on Thursday. The business’s 50 day moving average is C$30.98 and its 200 day moving average is C$30.20. The stock has a market cap of C$5.33 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.43 and a beta of 0.38. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$34.17. 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 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.