Quebecor (TSE:QBR.B) Price Target Raised to C$40.00

Quebecor (TSE:QBR.B) had its target price hoisted by equities research analysts at TD Securities from C$39.00 to C$40.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 24.80% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on QBR.B. Scotiabank cut their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. CIBC upped their price target on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Finally, National Bankshares reduced their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$37.93.

Quebecor Price Performance

TSE:QBR.B traded up C$0.13 during mid-day trading on Thursday, reaching C$32.05. The stock had a trading volume of 25,994 shares, compared to its average volume of 493,317. Quebecor has a one year low of C$27.84 and a one year high of C$35.90. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a 50 day moving average price of C$31.74 and a two-hundred day moving average price of C$32.39. The stock has a market capitalization of C$5.06 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.43 and a beta of 0.39.

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.