Quebecor, Inc. (TSE:QBR.B) Receives C$37.19 Average Target Price from Brokerages

Quebecor, Inc. (TSE:QBR.B) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$37.19.

Several research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on Quebecor from C$33.00 to C$35.00 in a research report on Friday, August 9th. TD Securities raised their price target on shares of Quebecor from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, National Bankshares decreased their price objective on shares of Quebecor from C$38.00 to C$37.00 in a report on Friday, May 10th.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$33.00 on Thursday. The company has a 50 day moving average of C$29.87 and a 200 day moving average of C$30.06. 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 has a twelve month low of C$27.25 and a twelve month high of C$33.88. The firm has a market cap of C$5.08 billion, a P/E ratio of 11.07, 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.