Quebecor, Inc. (TSE:QBR.B) Given Consensus Rating of “Moderate Buy” by Brokerages

Quebecor, Inc. (TSE:QBR.B) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$37.94.

QBR.B has been the subject of a number of recent research reports. National Bankshares lowered their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets lowered shares of Quebecor from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. Desjardins lifted their price objective on Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Royal Bank of Canada reduced their price target on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th. Finally, Scotiabank dropped their target price on shares of Quebecor from C$38.50 to C$37.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th.

Quebecor Price Performance

TSE:QBR.B opened at C$28.95 on Tuesday. The firm has a market capitalization of C$4.46 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.84 and a beta of 0.38. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$35.05. The stock has a fifty day moving average of C$29.96 and a 200 day moving average of C$30.68. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66.

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.