Quebecor (TSE:QBR.B) Given New C$51.25 Price Target at Scotiabank

Quebecor (TSE:QBR.B) had its target price lowered by Scotiabank from C$51.75 to C$51.25 in a research note published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the stock. Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$50.00 to C$51.25 in a research report on Tuesday, January 13th. CIBC lifted their target price on shares of Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. Royal Bank Of Canada cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. 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, January 12th. Finally, JPMorgan Chase & Co. set a C$56.00 price objective on Quebecor and gave the stock an “overweight” rating in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$52.72.

Quebecor Trading Up 1.1%

QBR.B stock opened at C$49.25 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a twelve month low of C$30.26 and a twelve month high of C$53.32. The company has a market cap of C$11.25 billion, a P/E ratio of 13.87, a PEG ratio of 1.43 and a beta of 0.67. The business has a fifty day moving average of C$51.36 and a 200-day moving average of C$45.48.

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

Quebecor Company Profile

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.