Desjardins Lowers Quebecor (TSE:QBR.B) Price Target to C$43.00

Quebecor (TSE:QBR.B) had its price target reduced by equities research analysts at Desjardins from C$44.00 to C$43.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 13.73% from the company’s current price.

A number of other research firms have also issued reports on QBR.B. Scotiabank boosted their price target on shares of Quebecor from C$36.00 to C$36.50 and gave the company a “sector perform” rating in a report on Wednesday, April 16th. National Bankshares boosted their price target on shares of Quebecor from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a report on Friday, June 6th. TD Securities boosted their price target on shares of Quebecor from C$44.00 to C$46.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Finally, Canaccord Genuity Group boosted their price target on shares of Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$40.72.

Quebecor Stock Performance

TSE:QBR.B opened at C$37.81 on Friday. Quebecor has a twelve month low of C$30.02 and a twelve month high of C$41.99. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The company has a 50-day moving average of C$40.04 and a 200-day moving average of C$37.02. The firm has a market cap of C$5.97 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.