Quebecor (TSE:QBR.B) Downgraded to “Market Perform” at BMO Capital Markets

BMO Capital Markets cut shares of Quebecor (TSE:QBR.BFree Report) from an outperform rating to a market perform rating in a research report released on Tuesday, BayStreet.CA reports. BMO Capital Markets currently has C$33.00 price objective on the stock, down from their previous price objective of C$42.00.

QBR.B has been the subject of a number of other research reports. CIBC decreased their price objective on shares of Quebecor from C$43.00 to C$42.00 and set an outperform rating for the company in a report on Thursday, January 25th. Canaccord Genuity Group cut their target price on shares of Quebecor from C$35.00 to C$34.50 and set a buy rating for the company in a research report on Friday, February 23rd. National Bankshares increased their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the stock an outperform rating in a research report on Friday, December 8th. Royal Bank of Canada cut their target price on shares of Quebecor from C$38.00 to C$36.00 in a research report on Friday, February 23rd. Finally, Desjardins increased their target price on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a buy rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$38.91.

Check Out Our Latest Stock Analysis on Quebecor

Quebecor Stock Performance

TSE QBR.B opened at C$28.69 on Tuesday. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$35.61. The company has a 50-day simple moving average of C$31.34 and a 200 day simple moving average of C$30.69. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66. The company has a market capitalization of C$4.42 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38.

Quebecor Company Profile

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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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