Quebecor (TSE:QBR.B) Downgraded by Canaccord Genuity Group to “Hold”

Canaccord Genuity Group lowered shares of Quebecor (TSE:QBR.B) from a buy rating to a hold rating in a research note published on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has C$51.25 price target on the stock, up from their previous price target of C$50.00.

Several other analysts also recently weighed in on the stock. National Bankshares downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price for the company. in a report on Wednesday, November 19th. Desjardins raised their price target on Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday. TD Securities boosted their price objective on Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a report on Friday, November 7th. CIBC increased their price target on shares of Quebecor from C$54.00 to C$57.00 in a research report on Tuesday, December 9th. Finally, Scotiabank increased their price objective on shares of Quebecor from C$48.00 to C$51.75 and gave the company a “sector perform” rating in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$52.78.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$49.94 on Tuesday. The firm has a 50-day simple moving average of C$51.24 and a 200-day simple moving average of C$45.21. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The stock has a market capitalization of C$11.41 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Quebecor has a 52 week low of C$30.02 and a 52 week high of C$53.32.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business had revenue of C$1.41 billion during the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.