Scotiabank Cuts Quebecor (TSE:QBR.B) Price Target to C$37.00

Quebecor (TSE:QBR.B) had its target price decreased by research analysts at Scotiabank from C$38.00 to C$37.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 14.48% from the company’s current price.

Several other equities research analysts also recently commented on QBR.B. BMO Capital Markets lifted their target price on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Royal Bank of Canada cut their price target on shares of Quebecor from C$38.00 to C$37.00 in a report on Friday, November 8th. TD Securities reduced their price objective on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, CIBC raised their target price on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Quebecor has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$32.32 on Tuesday. The firm has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.43 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The business’s 50-day moving average price is C$34.14 and its 200-day moving average price is C$31.72. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$35.90.

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.