Quebecor (TSE:QBR.B) Rating Increased to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Quebecor (TSE:QBR.B) from a sector perform rating to an outperform rating in a report released on Wednesday morning,BayStreet.CA reports. Royal Bank of Canada currently has C$39.00 target price on the stock, up from their previous target price of C$37.00.

QBR.B has been the subject of several other reports. Scotiabank dropped their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. TD Securities dropped their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. CIBC boosted their price objective on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Finally, BMO Capital Markets increased their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.19.

Quebecor Trading Down 1.2 %

Shares of QBR.B opened at C$31.17 on Wednesday. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$4.92 billion, a P/E ratio of 9.83, a PEG ratio of 1.43 and a beta of 0.39. The firm’s 50-day moving average is C$33.42 and its two-hundred day moving average is C$31.98.

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.