Quebecor (TSE:QBR.B) PT Raised to C$40.00 at TD Securities

Quebecor (TSE:QBR.B) had its target price lifted by analysts at TD Securities from C$37.00 to C$40.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 15.31% from the company’s current price.

Several other equities analysts have also issued reports on the company. BMO Capital Markets lifted their price target on Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Royal Bank of Canada lifted their target price on Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$37.81.

Quebecor Stock Performance

TSE:QBR.B traded down C$0.07 during mid-day trading on Wednesday, hitting C$34.69. 119,381 shares of the stock were exchanged, compared to its average volume of 675,349. The firm’s 50-day simple moving average is C$32.38 and its 200 day simple moving average is C$30.47. Quebecor has a fifty-two week low of C$27.25 and a fifty-two week high of C$35.20. 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 stock has a market capitalization of C$5.47 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.43 and a beta of 0.38.

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.