Quebecor (TSE:QBR.B) Stock Rating Upgraded by Royal Bank of Canada

Quebecor (TSE:QBR.B) was upgraded by research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a C$39.00 target price on the stock, up from their previous target price of C$37.00. Royal Bank of Canada’s target price points to a potential upside of 23.57% from the company’s previous close.

A number of other brokerages also recently issued reports on QBR.B. Scotiabank dropped their price target on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. CIBC boosted their target price on shares of Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. TD Securities decreased their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets boosted their price objective on Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Quebecor currently has an average rating of “Moderate Buy” and an average price target of C$38.19.

Quebecor Price Performance

QBR.B stock opened at C$31.56 on Wednesday. The company has a market capitalization of C$4.98 billion, a P/E ratio of 9.96, a PEG ratio of 1.43 and a beta of 0.39. The company has a fifty day moving average price of C$33.50 and a 200-day moving average price of C$31.97. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a 52-week low of C$27.84 and a 52-week high of C$35.90.

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.