Quebecor (TSE:QBR.B) Given New C$39.00 Price Target at CIBC

Quebecor (TSE:QBR.B) had its target price trimmed by CIBC from C$40.00 to C$39.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on QBR.B. 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 note on Wednesday, December 18th. TD Securities upped their price objective on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank dropped their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Finally, National Bankshares decreased their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$37.79.

Quebecor Stock Performance

TSE QBR.B opened at C$32.41 on Monday. The firm has a market cap of C$5.11 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. 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 business has a 50-day moving average price of C$31.80 and a 200-day moving average price of C$32.66. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90.

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.