Analysts Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$37.94

Shares of Quebecor, Inc. (TSE:QBR.B) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$37.94.

QBR.B has been the subject of several research reports. TD Securities decreased their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. BMO Capital Markets increased their price target on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Royal Bank of Canada decreased their price target on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday, November 8th. Scotiabank lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Finally, CIBC increased their price target on shares of Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th.

Quebecor Stock Up 1.2 %

Shares of TSE QBR.B opened at C$32.34 on Friday. 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 has a 12 month low of C$27.84 and a 12 month high of C$35.90. The firm 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. The firm has a fifty day simple moving average of C$34.23 and a two-hundred day simple moving average of C$31.67.

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.