Quebecor (TSE:QBR.B) Price Target Cut to C$38.00

Quebecor (TSE:QBR.B) had its price objective dropped by stock analysts at National Bankshares from C$40.00 to C$38.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 33.24% from the stock’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group dropped their target price on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. BMO Capital Markets cut shares of Quebecor from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. Desjardins lifted their price objective on shares of Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Scotiabank upped their target price on shares of Quebecor from C$38.25 to C$38.75 and gave the company an “outperform” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$37.94.

Quebecor Stock Performance

Shares of QBR.B opened at C$28.52 on Wednesday. The stock has a market capitalization of C$4.39 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 1.84 and a beta of 0.38. Quebecor has a 12 month low of C$27.25 and a 12 month high of C$35.44. The firm has a fifty day simple moving average of C$30.62 and a 200 day simple moving average of C$30.68. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48.

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.