TD Securities Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target cut by equities researchers at TD Securities from C$40.00 to C$39.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 18.97% from the stock’s current price.

QBR.B has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Scotiabank downgraded Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets lifted their target price on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Stock Performance

TSE QBR.B opened at C$32.78 on Friday. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$35.90. The stock has a market cap of C$5.17 billion, a PE ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. 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 firm’s fifty day moving average price is C$34.57 and its two-hundred day moving average price is C$31.42.

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.