Quebecor (TSE:QBR.B) Price Target Raised to C$40.00

Quebecor (TSE:QBR.B) had its price target boosted by National Bankshares from C$38.00 to C$40.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other analysts have also weighed in on the stock. Scotiabank increased their price objective on shares of Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 16th. TD Securities reduced their price objective on shares of Quebecor from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Royal Bank of Canada increased their price objective on shares of Quebecor from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. Finally, CIBC reduced their target price on shares of Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th.

Quebecor Stock Performance

Quebecor stock opened at C$39.15 on Friday. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a 1-year low of C$27.84 and a 1-year high of C$39.92. The firm has a market capitalization of C$6.18 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company’s 50-day moving average is C$37.22 and its 200 day moving average is C$34.43.

Quebecor Company Profile

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.