Quebecor, Inc. (TSE:QBR.B) Receives C$38.41 Average PT from Brokerages

Quebecor, Inc. (TSE:QBR.B) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$38.41.

A number of brokerages recently issued reports on QBR.B. Desjardins boosted their price objective on Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada lowered their price objective on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th. Scotiabank boosted their price objective on Quebecor from C$38.25 to C$38.75 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Canaccord Genuity Group lowered their price objective on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, CIBC lowered their price objective on Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th.

Quebecor Price Performance

QBR.B opened at C$29.29 on Friday. 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 market capitalization of C$4.51 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 1.84 and a beta of 0.38. The firm’s fifty day moving average price is C$30.74 and its two-hundred day moving average price is C$30.70. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$35.44.

About Quebecor

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.