Quebecor (TSE:QBR.B) PT Lowered to C$38.00

Quebecor (TSE:QBR.B) had its price target reduced by National Bankshares from C$40.00 to C$38.00 in a report released on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts also recently commented on QBR.B. BMO Capital Markets downgraded shares of Quebecor from an outperform rating to a market perform rating and reduced their target price for the stock from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. 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. Scotiabank lifted their target price on shares of Quebecor from C$38.25 to C$38.75 and gave the stock an outperform rating in a report on Friday, February 23rd. Desjardins lifted 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. Finally, 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$37.94.

Quebecor Stock Performance

Shares of QBR.B opened at C$29.02 on Wednesday. The firm has a 50-day moving average of C$30.68 and a 200-day moving average of C$30.69. Quebecor has a one year low of C$27.25 and a one year high of C$35.44. The company has a market cap 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. The company has a debt-to-equity ratio of 444.48, a current ratio of 0.66 and a quick ratio of 0.35.

About Quebecor

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.