Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$36.81.

Several research analysts have recently weighed in on QBR.B shares. Royal Bank of Canada lowered 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. CIBC lowered their price target on shares of Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. TD Securities decreased their target price on shares of Quebecor from C$43.00 to C$37.00 in a research report on Friday, May 10th. National Bankshares decreased their target price on shares of Quebecor from C$38.00 to C$37.00 in a research report on Friday, May 10th. Finally, 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 report on Tuesday, April 2nd.

Quebecor Price Performance

Quebecor stock opened at C$28.80 on Wednesday. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$34.47. The firm has a market capitalization of C$4.43 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.32 and a beta of 0.37. The company has a fifty day simple moving average of C$29.23 and a 200-day simple moving average of C$30.49. The company has a quick ratio of 0.35, a current ratio of 0.65 and a debt-to-equity ratio of 411.72.

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.