Quebecor (TSE:QBR.B – Get 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 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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