Quebecor, Inc. (TSE:QBR.B) Receives C$38.31 Consensus PT from Analysts

Quebecor, Inc. (TSE:QBR.B) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$38.31.

QBR.B has been the subject of several research reports. TD Securities decreased their price target 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. CIBC increased their price target on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Scotiabank reduced their price objective on Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Finally, National Bankshares cut their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd.

Quebecor Stock Performance

QBR.B stock opened at C$31.46 on Friday. The firm has a market cap of C$4.96 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.43 and a beta of 0.39. The stock’s 50 day simple moving average is C$32.19 and its 200 day simple moving average is C$32.25. 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.

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.