Royal Bank of Canada Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target lowered by equities research analysts at Royal Bank of Canada from C$38.00 to C$37.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 12.87% from the stock’s current price.

QBR.B has been the topic of several other reports. TD Securities lowered their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Finally, Scotiabank lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Trading Down 2.2 %

QBR.B opened at C$32.78 on Friday. The stock has a market capitalization of C$5.17 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.43 and a beta of 0.39. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$35.90. The firm’s fifty day simple moving average is C$34.57 and its 200 day simple moving average is C$31.42. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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.