TD Securities Raises Quebecor (TSE:QBR.B) Price Target to C$40.00

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

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. National Bankshares cut their price objective on shares of 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 lowered their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Finally, CIBC increased their price target on Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.93.

Quebecor Stock Up 1.3 %

TSE QBR.B opened at C$32.26 on Thursday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a 52 week low of C$27.84 and a 52 week high of C$35.90. The stock has a market capitalization of C$5.09 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The stock has a fifty day moving average of C$31.76 and a 200-day moving average of C$32.49.

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.