Quebecor (TSE:QBR.B) Price Target Lowered to C$37.00 at Scotiabank

Quebecor (TSE:QBR.B) had its target price dropped by stock analysts at Scotiabank from C$38.00 to C$37.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 14.55% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. CIBC lifted their price objective on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Friday, November 8th. TD Securities cut their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Stock Down 0.1 %

TSE QBR.B traded down C$0.04 during trading on Tuesday, reaching C$32.30. 1,036,681 shares of the company’s stock traded hands, compared to its average volume of 700,015. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm has a market cap of C$5.10 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company’s 50 day simple moving average is C$34.23 and its two-hundred day simple moving average is C$31.67. Quebecor has a 12-month low of C$27.84 and a 12-month 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.