Royal Bank of Canada Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective trimmed by Royal Bank of Canada from C$38.00 to C$37.00 in a report published on Friday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on QBR.B. BMO Capital Markets increased their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Scotiabank cut shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Finally, TD Securities reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Trading Down 0.2 %

Quebecor stock opened at C$32.70 on Friday. Quebecor has a 52-week low of C$27.84 and a 52-week high of C$35.90. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$5.16 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. The firm has a 50-day moving average price of C$34.57 and a two-hundred day moving average price of C$31.42.

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.