Brokerages Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$38.31

Quebecor, Inc. (TSE:QBR.B) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$38.31.

QBR.B has been the topic of a number of recent research reports. National Bankshares decreased their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. CIBC raised their price target on shares of Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. TD Securities decreased their price target 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. Finally, Scotiabank cut their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th.

Quebecor Stock Performance

Shares of TSE QBR.B opened at C$30.27 on Friday. The stock has a fifty day moving average price of C$31.93 and a two-hundred day moving average price of C$32.31. 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 firm has a market cap of C$4.78 billion, a P/E ratio of 9.55, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a 1 year low of C$27.84 and a 1 year high of C$35.90.

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.