Quebecor (TSE:QBR.B) Price Target Raised to C$36.50

Quebecor (TSE:QBR.B) had its price target hoisted by Scotiabank from C$36.00 to C$36.50 in a report released on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. National Bankshares lowered their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. TD Securities increased their target price on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, CIBC cut their price target on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th.

Quebecor Stock Performance

Shares of QBR.B opened at C$36.13 on Wednesday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market capitalization of C$5.70 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. Quebecor has a 52-week low of C$27.84 and a 52-week high of C$38.26. The stock’s 50-day simple moving average is C$35.03 and its 200 day simple moving average is C$33.62.

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.