Quebecor (TSE:QBR.B) Price Target Raised to C$40.00

Quebecor (TSE:QBR.B) had its price objective increased by CIBC from C$39.00 to C$40.00 in a report published on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on QBR.B. Scotiabank cut Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. TD Securities reduced their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada cut their price target on Quebecor from C$38.00 to C$37.00 in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and an average target price of C$37.94.

Quebecor Stock Performance

TSE:QBR.B opened at C$32.70 on Friday. The firm has a market cap of C$5.16 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$35.90. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The business has a 50 day moving average price of C$34.57 and a 200-day moving average price of C$31.42.

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.