Quebecor, Inc. (TSE:QBR.B) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$38.41.

QBR.B has been the topic of several analyst reports. CIBC reduced their target price on Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. BMO Capital Markets downgraded Quebecor from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. Desjardins upped their price objective on Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Scotiabank increased their price target on Quebecor from C$38.25 to C$38.75 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada cut their target price on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Wednesday.

Quebecor Stock Performance

TSE:QBR.B opened at C$30.06 on Friday. The stock has a market cap of C$4.63 billion, a P/E ratio of 10.74, a price-to-earnings-growth 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 stock’s 50-day moving average is C$30.94 and its 200-day moving average is C$30.68. Quebecor has a 1-year low of C$27.25 and a 1-year high of C$35.44.

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.