Royal Bank of Canada Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price lowered by Royal Bank of Canada from C$38.00 to C$37.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. TD Securities lowered their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets raised their target price on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Finally, Scotiabank cut shares of Quebecor from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Quebecor has an average rating of “Moderate Buy” and an average price target of C$37.94.

Quebecor Stock Performance

Quebecor stock traded down C$0.74 during trading hours on Friday, hitting C$32.78. The company had a trading volume of 630,300 shares, compared to its average volume of 677,805. The firm has a market cap of C$5.17 billion, a PE ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a one year low of C$27.84 and a one year high of C$35.90. The firm has a 50-day moving average of C$34.57 and a 200 day moving average of C$31.42.

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.