Quebecor, Inc. (TSE:QBR.B) Given Average Rating of “Moderate Buy” by Analysts

Quebecor, Inc. (TSE:QBR.B) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$38.19.

QBR.B has been the subject of several recent analyst reports. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$37.00 to C$39.00 in a report on Wednesday, December 18th. CIBC raised their target price on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. TD Securities decreased their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Scotiabank dropped their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th.

Quebecor Trading Down 1.2 %

Shares of QBR.B stock opened at C$31.17 on Wednesday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The company has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 9.83, a PEG 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 company has a 50-day simple moving average of C$33.42 and a two-hundred day simple moving average of C$32.01.

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.