Quebecor (TSE:QBR.B) PT Raised to C$36.00 at Scotiabank

Quebecor (TSE:QBR.BGet Free Report) had its price target hoisted by Scotiabank from C$35.50 to C$36.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 15.90% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. National Bankshares boosted their target price on shares of Quebecor from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Quebecor from C$37.00 to C$39.00 in a research note on Friday, August 11th. Royal Bank of Canada cut their target price 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 Wednesday, October 18th. CIBC lowered their price target on Quebecor from C$43.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, Canaccord Genuity Group cut their price objective on Quebecor from C$35.00 to C$33.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to, Quebecor presently has an average rating of “Moderate Buy” and an average price target of C$38.00.

Check Out Our Latest Research Report on QBR.B

Quebecor Stock Performance

Shares of QBR.B opened at C$31.06 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.35 and a debt-to-equity ratio of 522.01. Quebecor has a 12 month low of C$26.66 and a 12 month high of C$35.61. The firm has a fifty day simple moving average of C$29.22 and a 200 day simple moving average of C$31.48. The stock has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 6.86 and a beta of 0.40.

About Quebecor

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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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Analyst Recommendations for Quebecor (TSE:QBR.B)

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