TD Securities Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price decreased by TD Securities from C$40.00 to C$39.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also commented on QBR.B. Royal Bank of Canada raised their price target on shares of Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. Scotiabank lowered Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets raised their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Price Performance

TSE QBR.B opened at C$32.70 on Friday. 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 stock’s fifty day moving average price is C$34.57 and its 200 day moving average price is C$31.42. The company has a market cap of C$5.16 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90.

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.