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

Quebecor, Inc. (TSE:QBR.B) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, 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 price objective among brokers that have issued ratings on the stock in the last year is C$38.31.

A number of research analysts recently weighed in on the stock. CIBC raised their price target on shares of Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Scotiabank decreased their price target on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. National Bankshares decreased their price target on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. TD Securities decreased their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$30.27 on Friday. 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 fifty day simple moving average is C$31.93 and its 200-day simple moving average is C$32.31. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90. The company has a market cap of C$4.78 billion, a PE ratio of 9.55, a PEG ratio of 1.43 and a beta of 0.39.

About Quebecor

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.