Quebecor (TSE:QBR.B) Price Target Lowered to C$39.00 at CIBC

Quebecor (TSE:QBR.B) had its price objective trimmed by CIBC from C$40.00 to C$39.00 in a research note published on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the company. TD Securities increased their price target on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. National Bankshares reduced their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Scotiabank reduced their price target on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.79.

Quebecor Trading Down 0.9 %

Shares of TSE QBR.B opened at C$32.41 on Monday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The business’s 50 day moving average price is C$31.80 and its 200-day moving average price is C$32.66. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$35.90. The company has a market cap of C$5.11 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.43 and a beta of 0.39.

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.