Quebecor (TSE:QBR.B) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Quebecor (TSE:QBR.B) from a sector perform rating to an outperform rating in a report released on Wednesday morning,BayStreet.CA reports. They currently have C$39.00 price objective on the stock, up from their previous price objective of C$37.00.

Other analysts have also recently issued research reports about the company. CIBC lifted their target price on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Scotiabank reduced their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their target price on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Finally, TD Securities reduced their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.19.

Quebecor Trading Down 1.2 %

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

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.