TD Securities Has Lowered Expectations for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price decreased by stock analysts at TD Securities from C$40.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 18.97% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price target on shares of Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. Scotiabank lowered Quebecor from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets increased their price target on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Stock Performance

TSE:QBR.B opened at C$32.78 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90. The company has a fifty day moving average of C$34.57 and a 200-day moving average of C$31.42. The firm 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.

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.