TD Securities Boosts Quebecor (TSE:QBR.B) Price Target to C$40.00

Quebecor (TSE:QBR.B) had its price objective lifted by TD Securities from C$39.00 to C$40.00 in a report released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

QBR.B has been the subject of a number of other research reports. CIBC increased their target price on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Scotiabank cut their price target on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Finally, National Bankshares lowered their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.93.

Quebecor Trading Down 0.2 %

Shares of TSE QBR.B opened at C$31.86 on Thursday. The stock has a market cap of C$5.03 billion, a P/E ratio of 10.05, 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 firm has a 50 day moving average price of C$31.75 and a two-hundred day moving average price of C$32.41. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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.