Brokerages Set Quebecor, Inc. (TSE:QBR.B) Target Price at C$38.31

Shares of Quebecor, Inc. (TSE:QBR.B) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$38.31.

QBR.B has been the topic of several recent research reports. National Bankshares decreased their target price on shares of 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. Scotiabank lowered their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. TD Securities cut their target price on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. CIBC upped their price target on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$37.00 to C$39.00 in a report on Wednesday, December 18th.

Quebecor Stock Performance

QBR.B opened at C$30.51 on Friday. The stock’s 50 day simple moving average is C$32.02 and its 200-day simple moving average is C$32.27. 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 stock has a market cap of C$4.81 billion, a PE ratio of 9.62, a P/E/G ratio of 1.43 and a beta of 0.39. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90.

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.