Analysts Set Quebecor, Inc. (TSE:QBR.B) Target Price at C$37.94

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$38.19.

Several equities analysts have recently weighed in on QBR.B shares. TD Securities decreased their price objective on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$37.00 to C$39.00 in a research note on Wednesday. CIBC raised their target price on shares of Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. BMO Capital Markets upped 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 decreased their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th.

Quebecor Trading Down 1.2 %

Shares of TSE:QBR.B opened at C$31.17 on Wednesday. The firm has a market cap of C$4.92 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.43 and a beta of 0.39. The company’s fifty day simple moving average is C$33.42 and its 200 day simple moving average is C$31.98. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$35.90. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.