Quebecor, Inc. (TSE:QBR.B) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$37.79.

Several research analysts have weighed in on QBR.B shares. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. CIBC dropped their price objective on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday. Scotiabank dropped their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. National Bankshares dropped their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, TD Securities boosted their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Quebecor Stock Down 0.9 %

QBR.B stock opened at C$32.41 on Thursday. Quebecor has a 52-week low of C$27.84 and a 52-week high of C$35.90. The company’s 50 day simple moving average is C$31.80 and its 200-day simple moving average is C$32.66. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm has a market capitalization of C$5.11 billion, a P/E ratio of 10.22, a P/E/G 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.