TD Securities Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its target price upped by equities researchers at TD Securities from C$39.00 to C$40.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 23.99% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Scotiabank cut their price target on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. National Bankshares dropped their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. CIBC lifted their target price on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Quebecor currently has an average rating of “Moderate Buy” and a consensus price target of C$37.93.

Quebecor Stock Up 1.3 %

Shares of QBR.B opened at C$32.26 on Thursday. The firm has a market cap of C$5.09 billion, a P/E ratio of 10.18, a price-to-earnings-growth 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. Quebecor has a 52 week low of C$27.84 and a 52 week high of C$35.90. The firm’s 50-day simple moving average is C$31.75 and its 200 day simple moving average is C$32.44.

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.