Quebecor (TSE:QBR.B) Price Target Cut to C$38.00 by Analysts at National Bankshares

Quebecor (TSE:QBR.B) had its price target lowered by National Bankshares from C$40.00 to C$38.00 in a research report report published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on QBR.B. BMO Capital Markets increased their target price on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. TD Securities dropped their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Scotiabank decreased their price objective on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Finally, CIBC boosted their price objective on Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and an average price target of C$38.31.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$31.21 on Friday. The company has a market capitalization of C$4.92 billion, a PE ratio of 9.85, a PEG ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The stock’s 50 day moving average price is C$32.66 and its 200-day moving average price is C$32.13. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90.

Quebecor Company Profile

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.