Quebecor, Inc. (TSE:QBR.B) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Quebecor, Inc. (TSE:QBR.B) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$38.31.

A number of equities research analysts have recently issued reports on QBR.B shares. National Bankshares reduced their price target on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. TD Securities reduced their target price on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. CIBC upped their price target on Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. Finally, Scotiabank cut their target price on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th.

Quebecor Trading Up 1.0 %

Shares of QBR.B opened at C$31.65 on Friday. The firm has a 50-day moving average price of C$32.32 and a 200 day moving average price of C$32.24. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$4.99 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.43 and a beta of 0.39.

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.