Quebecor (TSE:QBR.B) Shares Up 4.1%

Quebecor, Inc. (TSE:QBR.B) shot up 4.1% during mid-day trading on Thursday . The stock traded as high as C$30.00 and last traded at C$29.93. 150,251 shares traded hands during trading, a decline of 67% from the average session volume of 454,281 shares. The stock had previously closed at C$28.75.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QBR.B shares. CIBC reduced their target price on Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th. Scotiabank reduced their price target on shares of Quebecor from C$38.50 to C$37.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets cut Quebecor from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Canaccord Genuity Group cut their price objective on shares of Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, National Bankshares dropped their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$37.94.

Quebecor Price Performance

The firm has a market cap of C$4.58 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 1.84 and a beta of 0.38. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. The company has a 50 day moving average of C$29.86 and a 200 day moving average of C$30.67.

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.