Quebecor (TSE:QBR.B) Downgraded by Scotiabank

Scotiabank downgraded shares of Quebecor (TSE:QBR.B) from an outperform rating to a sector perform rating in a research note released on Thursday morning, BayStreet.CA reports.

QBR.B has been the topic of several other research reports. BMO Capital Markets increased their price objective on Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. TD Securities increased their price objective on Quebecor from C$37.00 to C$40.00 and gave the stock a buy rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada increased their price objective on Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$37.56.

Quebecor Stock Performance

The firm has a market cap of C$5.56 billion, a P/E ratio of 11.12, a PEG ratio of 1.43 and a beta of 0.39. 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 has a twelve month low of C$27.25 and a twelve month high of C$35.90. The firm has a 50 day moving average of C$33.71 and a 200 day moving average of C$30.79.

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.