National Bankshares Cuts Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its price target trimmed by National Bankshares from C$40.00 to C$38.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. CIBC raised their target price on shares of Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$37.00 to C$39.00 in a report on Wednesday, December 18th. TD Securities reduced their price objective on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Scotiabank lowered their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets lifted their target price on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and an average target price of C$38.31.

Quebecor Stock Performance

TSE:QBR.B opened at C$31.21 on Friday. The stock has a 50-day moving average price of C$32.66 and a 200 day moving average price of C$32.15. The stock has a market capitalization of C$4.92 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.43 and a beta of 0.39. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90. The company has a current ratio of 1.01, a quick ratio of 0.35 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.