Royal Bank of Canada Has Lowered Expectations for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price decreased by investment analysts at Royal Bank of Canada from C$38.00 to C$37.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential upside of 12.87% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on QBR.B. TD Securities cut 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 research note on Friday. BMO Capital Markets increased their price target on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Finally, Scotiabank cut shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$32.78 on Friday. Quebecor has a one year low of C$27.84 and a one year high of C$35.90. The firm has a market capitalization of C$5.17 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. The company’s fifty day moving average price is C$34.57 and its 200-day moving average price is C$31.42. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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.