Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$37.79.

Several brokerages have weighed in on QBR.B. National Bankshares dropped their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. TD Securities increased their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Scotiabank cut their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Finally, CIBC cut their price target on Quebecor from C$40.00 to C$39.00 in a report on Monday.

Quebecor Stock Up 1.9 %

Shares of Quebecor stock opened at C$32.72 on Thursday. The stock has a market capitalization of C$5.16 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90. 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 business’s 50 day simple moving average is C$31.78 and its 200-day simple moving average is C$32.66.

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.