Analysts Set Quebecor, Inc. (TSE:QBR.B) PT at C$36.81

Quebecor, Inc. (TSE:QBR.B) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$36.56.

Several brokerages recently issued reports on QBR.B. National Bankshares reduced their target price on Quebecor from C$38.00 to C$37.00 in a research report on Friday, May 10th. BMO Capital Markets lowered 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 research report on Tuesday, April 2nd. Royal Bank of Canada reduced their target price on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. Scotiabank reduced their target price on Quebecor from C$38.50 to C$37.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, TD Securities cut their price objective on Quebecor from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Monday, July 22nd.

Quebecor Trading Up 2.2 %

Shares of TSE:QBR.B opened at C$29.90 on Friday. The business’s 50-day moving average is C$28.97 and its 200 day moving average is C$30.17. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$34.47. The firm has a market capitalization of C$4.60 billion, a P/E ratio of 10.03, a P/E/G ratio of 1.32 and a beta of 0.37. The company has a debt-to-equity ratio of 411.72, a current ratio of 0.65 and a quick ratio of 0.35.

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.