Quebecor (TSE:QBR.B) Given New C$35.00 Price Target at BMO Capital Markets

Quebecor (TSE:QBR.B) had its target price raised by research analysts at BMO Capital Markets from C$33.00 to C$35.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 5.55% from the company’s current price.

Several other equities research analysts have also commented on the stock. National Bankshares reduced their price target on shares of Quebecor from C$38.00 to C$37.00 in a report on Friday, May 10th. Royal Bank of Canada boosted their price target on Quebecor from C$35.00 to C$36.00 in a research report on Friday. Scotiabank reduced their target price on shares of Quebecor from C$38.50 to C$37.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Finally, TD Securities dropped their target price on Quebecor from C$37.00 to C$35.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$36.94.

Quebecor Stock Performance

Shares of TSE QBR.B remained flat at C$33.16 during midday trading on Friday. The stock had a trading volume of 178,363 shares, compared to its average volume of 616,536. Quebecor has a 12-month low of C$27.25 and a 12-month high of C$34.47. The company has a current ratio of 0.65, a quick ratio of 0.35 and a debt-to-equity ratio of 411.72. The firm has a market capitalization of C$5.11 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.43 and a beta of 0.38. The business’s 50-day moving average price is C$29.28 and its 200 day moving average price is C$30.09.

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.