Scotiabank Has Lowered Expectations for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target lowered by investment analysts at Scotiabank from C$38.00 to C$37.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 14.48% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. CIBC raised their price objective on shares of Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. BMO Capital Markets raised their price target on Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. TD Securities dropped their price objective on 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, Royal Bank of Canada cut their target price on Quebecor from C$38.00 to C$37.00 in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$37.94.

Quebecor Stock Performance

QBR.B stock opened at C$32.32 on Tuesday. The company has a 50 day moving average price of C$34.14 and a 200 day moving average price of C$31.72. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$35.90. 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 stock has a market capitalization of C$5.10 billion, a PE ratio of 10.20, 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.