Quebecor (TSE:QBR.B) Price Target Cut to C$37.00

Quebecor (TSE:QBR.B) had its target price lowered by Scotiabank from C$38.50 to C$37.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on QBR.B. Canaccord Genuity Group reduced 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 report on Friday, February 23rd. CIBC reduced their target price on shares of Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. 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 report on Friday, January 26th. Royal Bank of Canada reduced their target price on shares of Quebecor from C$36.00 to C$35.00 and set a sector perform rating for the company in a report on Wednesday, April 10th. Finally, National Bankshares reduced their target price on shares of Quebecor from C$40.00 to C$38.00 and set an outperform rating for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$37.94.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$29.02 on Wednesday. The firm’s 50 day moving average price is C$30.68 and its 200-day moving average price is C$30.69. Quebecor has a twelve month low of C$27.25 and a twelve month high of C$35.44. The company has a quick ratio of 0.35, a current ratio of 0.66 and a debt-to-equity ratio of 444.48. The stock has a market capitalization of C$4.47 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38.

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.