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

Quebecor (TSE:QBR.B) had its price objective reduced by Scotiabank from C$38.50 to C$37.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets lowered shares of Quebecor from an outperform rating to a market perform rating and dropped their target price for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Canaccord Genuity Group dropped their target price on shares of Quebecor from C$35.00 to C$34.50 and set a buy rating for the company in a research report on Friday, February 23rd. Royal Bank of Canada lowered their price objective on shares of Quebecor from C$36.00 to C$35.00 and set a sector perform rating for the company in a report on Wednesday, April 10th. Desjardins boosted their price objective on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a buy rating in a report on Friday, January 26th. Finally, CIBC lowered their price objective on shares of Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Quebecor has an average rating of Moderate Buy and a consensus target price of C$37.94.

Quebecor Trading Down 0.9 %

Shares of Quebecor stock opened at C$29.02 on Wednesday. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$35.44. The firm has a market cap of C$4.47 billion, a PE ratio of 10.36, a PEG ratio of 1.84 and a beta of 0.38. The company has a debt-to-equity ratio of 444.48, a current ratio of 0.66 and a quick ratio of 0.35. The company has a 50 day simple moving average of C$30.68 and a two-hundred day simple moving average of C$30.69.

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.