Quebecor (TSE:QBR.B) Price Target Cut to C$37.00 by Analysts at Scotiabank

Quebecor (TSE:QBR.B) had its target price cut by Scotiabank from C$38.00 to C$37.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. CIBC lifted their target price on Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Royal Bank of Canada dropped their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Friday, November 8th. Finally, TD Securities reduced their target price on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$37.94.

Quebecor Stock Down 0.5 %

Shares of QBR.B stock opened at C$32.18 on Tuesday. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The business’s fifty day moving average is C$34.18 and its 200-day moving average is C$31.70. The stock has a market cap of C$5.08 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.

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.