Quebecor, Inc. (TSE:QBR.B) Receives C$37.94 Consensus Target Price from Analysts

Quebecor, Inc. (TSE:QBR.B) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$38.19.

A number of research analysts recently issued reports on QBR.B shares. CIBC raised their price objective on shares of Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. BMO Capital Markets raised their price target on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Scotiabank reduced their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday. Finally, TD Securities reduced their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Quebecor Price Performance

Quebecor stock opened at C$31.17 on Wednesday. The stock has a 50-day moving average price of C$33.42 and a two-hundred day moving average price of C$31.98. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$35.90. The company has a market capitalization of C$4.92 billion, a PE ratio of 9.83, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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.