TD Securities Increases Quebecor (TSE:QBR.B) Price Target to C$37.00

Quebecor (TSE:QBR.B) had its target price increased by TD Securities from C$35.00 to C$37.00 in a report published on Monday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on QBR.B. BMO Capital Markets raised their price target on Quebecor from C$33.00 to C$35.00 in a research note on Friday, August 9th. Royal Bank of Canada raised their target price on shares of Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. Scotiabank reduced their price target on shares of Quebecor from C$38.50 to C$37.00 and set an outperform rating for the company in a research report on Wednesday, April 17th. Finally, National Bankshares lowered their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Quebecor presently has an average rating of Moderate Buy and an average target price of C$37.19.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$33.38 on Monday. The stock’s 50-day moving average is C$29.61 and its two-hundred day moving average is C$30.07. The company has a debt-to-equity ratio of 411.72, a quick ratio of 0.35 and a current ratio of 0.65. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$33.88. The firm has a market cap of C$5.14 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 1.43 and a beta of 0.38.

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.