Quebecor (TSE:QBR.B) Lowered to “Market Perform” at BMO Capital Markets

Quebecor (TSE:QBR.BGet Free Report) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, BayStreet.CA reports. They presently have a C$33.00 price objective on the stock, down from their prior price objective of C$42.00. BMO Capital Markets’ price objective points to a potential upside of 15.06% from the stock’s current price.

A number of other equities analysts have also issued reports on QBR.B. National Bankshares raised their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. Desjardins boosted their target price on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Scotiabank upped their target price on Quebecor from C$38.25 to C$38.75 and gave the company an “outperform” rating in a report on Friday, February 23rd. CIBC cut their price objective on Quebecor from C$43.00 to C$42.00 and set an “outperform” rating for the company in a research report on Thursday, January 25th. Finally, Canaccord Genuity Group cut their price objective on shares of Quebecor from C$35.00 to C$34.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.91.

View Our Latest Stock Report on Quebecor

Quebecor Trading Down 0.0 %

Shares of TSE:QBR.B opened at C$28.68 on Tuesday. Quebecor has a 52 week low of C$27.25 and a 52 week high of C$35.61. 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 market cap of C$4.42 billion, a PE ratio of 10.24, a P/E/G ratio of 1.84 and a beta of 0.38. The company’s 50 day moving average is C$31.26 and its two-hundred day moving average is C$30.68.

Quebecor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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