National Bankshares Lowers Quebecor (TSE:QBR.B) Price Target to C$32.00

Quebecor (TSE:QBR.BGet Rating) had its target price cut by National Bankshares from C$37.00 to C$32.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently issued reports on the stock. Desjardins reaffirmed a buy rating and set a C$35.00 price objective on shares of Quebecor in a report on Friday, February 25th. TD Securities set a C$36.00 price target on shares of Quebecor and gave the stock a buy rating in a research note on Tuesday, April 26th. Royal Bank of Canada lowered their price target on shares of Quebecor from C$38.00 to C$36.00 and set an outperform rating for the company in a research note on Friday, February 25th. Canaccord Genuity Group lowered their price target on shares of Quebecor from C$32.00 to C$30.00 in a research note on Friday. Finally, BMO Capital Markets lowered their price target on shares of Quebecor from C$37.00 to C$35.00 in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Quebecor presently has an average rating of Buy and an average target price of C$34.44.

Shares of QBR.B traded up C$1.04 during mid-day trading on Friday, reaching C$27.40. 1,119,702 shares of the stock traded hands, compared to its average volume of 730,830. Quebecor has a 1 year low of C$26.03 and a 1 year high of C$33.72. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 499.05. The company has a market cap of C$6.53 billion and a price-to-earnings ratio of 11.98. The firm has a fifty day moving average price of C$30.17 and a 200 day moving average price of C$29.58.

Quebecor Company Profile (Get Rating)

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.

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