Quebecor, Inc. (TSE:QBR.B) Receives Consensus Rating of “Moderate Buy” from Brokerages

Quebecor, Inc. (TSE:QBR.B) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$37.79.

QBR.B has been the subject of a number of research reports. CIBC decreased their price target on shares of Quebecor from C$40.00 to C$39.00 in a research report on Monday. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. National Bankshares dropped their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Scotiabank decreased their price target on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Finally, TD Securities lifted their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, January 30th.

Quebecor Stock Up 1.9 %

QBR.B opened at C$32.72 on Thursday. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90. The firm has a 50 day moving average price of C$31.78 and a 200 day moving average price of C$32.66. 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 company has a market cap of C$5.16 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.

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.