Quebecor (TSE:QBR.B) Upgraded to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Quebecor (TSE:QBR.B) from a sector perform rating to an outperform rating in a research note published on Wednesday morning,BayStreet.CA reports. They currently have C$39.00 price objective on the stock, up from their prior price objective of C$37.00.

QBR.B has been the subject of several other reports. Scotiabank reduced their price objective on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. CIBC lifted their price objective on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. BMO Capital Markets increased their target price on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Finally, TD Securities cut their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Quebecor currently has an average rating of “Moderate Buy” and a consensus target price of C$38.19.

Quebecor Stock Up 1.5 %

Shares of TSE QBR.B opened at C$31.62 on Wednesday. The stock has a market cap of C$4.99 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. Quebecor has a 52-week low of C$27.84 and a 52-week high of C$35.90. The business has a 50-day moving average price of C$33.57 and a 200 day moving average price of C$31.96. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.