Brokerages Set Quebecor, Inc. (TSE:QBR.B) Target Price at C$37.93

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$37.79.

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their target price on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. CIBC decreased their price objective on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday. TD Securities increased their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, National Bankshares decreased their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd.

Quebecor Trading Down 0.9 %

Shares of Quebecor stock opened at C$32.41 on Thursday. The stock has a market capitalization of C$5.11 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The company has a 50-day simple moving average of C$31.80 and a 200 day simple moving average of C$32.66. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90.

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.