Quebecor (TSE:QBR.B) Given New C$39.00 Price Target at CIBC

Quebecor (TSE:QBR.B) had its target price reduced by analysts at CIBC from C$40.00 to C$39.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 19.56% from the stock’s current price.

Several other equities analysts have also commented on the stock. National Bankshares lowered their price target on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. TD Securities lifted their price target on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank lowered their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$37.79.

Quebecor Stock Performance

Shares of TSE:QBR.B traded down C$0.09 during trading on Monday, reaching C$32.62. 176,551 shares of the company’s stock traded hands, compared to its average volume of 628,279. The stock has a market capitalization of C$5.15 billion, a P/E ratio of 10.29, a price-to-earnings-growth 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 debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The company has a 50 day moving average of C$31.80 and a 200-day moving average of C$32.66.

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.