Quebecor (TSE:QBR.B) PT Lowered to C$37.00

Quebecor (TSE:QBR.B) had its price objective lowered by Scotiabank from C$38.50 to C$37.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 29.73% from the stock’s current price.

Several other research firms have also recently issued reports on QBR.B. 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. 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, April 10th. CIBC lowered their price target on Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. BMO Capital Markets lowered shares of 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 report on Tuesday, April 2nd. Finally, Desjardins lifted their price target on shares of Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$37.94.

Quebecor Stock Down 1.7 %

Shares of TSE:QBR.B opened at C$28.52 on Wednesday. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$35.44. The company has a quick ratio of 0.35, a current ratio of 0.66 and a debt-to-equity ratio of 444.48. The business has a fifty day moving average of C$30.62 and a two-hundred day moving average of C$30.68. The stock has a market cap of C$4.39 billion, a P/E ratio of 10.19, a PEG ratio of 1.84 and a beta of 0.38.

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.