Quebecor, Inc. (TSE:QBR.B) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$37.93.

A number of research analysts have commented on QBR.B shares. TD Securities upped their price objective on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. CIBC upped their price target on shares of Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. National Bankshares decreased their target price on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Scotiabank lowered their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th.

Quebecor Price Performance

Quebecor stock opened at C$32.27 on Thursday. The company has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 10.18, a PEG 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 has a 12 month low of C$27.84 and a 12 month high of C$35.90. The stock’s 50 day moving average is C$31.78 and its 200-day moving average is C$32.52.

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.