Quebecor, Inc. (TSE:QBR.B) Receives C$37.81 Average Price Target from Brokerages

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$37.81.

QBR.B has been the topic of several research reports. TD Securities raised their price target on shares of Quebecor from C$37.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Royal Bank of Canada lifted their target price on shares of Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Finally, BMO Capital Markets increased their price target on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$35.60 on Friday. The firm has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a 50 day moving average price of C$33.50 and a 200 day moving average price of C$30.72. Quebecor has a one year low of C$27.25 and a one year 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.

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.