Quebecor (TSE:QBR.B) Stock Rating Lowered by Scotiabank

Quebecor (TSE:QBR.B) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Thursday, BayStreet.CA reports.

A number of other analysts have also commented on the company. BMO Capital Markets boosted their price target on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. TD Securities boosted their price target on Quebecor from C$37.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada boosted their price target on Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.56.

Quebecor Stock Performance

The business’s fifty day simple moving average is C$33.71 and its 200-day simple moving average is C$30.79. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The company has a market capitalization of C$5.56 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a twelve month low of C$27.25 and a twelve month 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.