National Bankshares Lowers Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its price objective lowered by equities research analysts at National Bankshares from C$40.00 to C$38.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 21.76% from the company’s previous close.

QBR.B has been the subject of several other research reports. Scotiabank dropped their price target on Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. BMO Capital Markets raised their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. TD Securities reduced their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Finally, CIBC increased their target price on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy” and an average price target of C$38.31.

Quebecor Trading Down 1.1 %

QBR.B stock opened at C$31.21 on Friday. The company has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.43 and a beta of 0.39. The business has a 50 day simple moving average of C$32.66 and a two-hundred day simple moving average of C$32.13. Quebecor has a 1-year low of C$27.84 and a 1-year high of C$35.90. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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.