TD Securities Raises Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its target price boosted by TD Securities from C$36.00 to C$38.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the company. Scotiabank cut Quebecor from an outperform rating to a sector perform rating in a report on Thursday. Royal Bank of Canada lifted their price objective on Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$37.56.

Quebecor Price Performance

Quebecor has a 12-month low of C$27.25 and a 12-month 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. The firm has a market cap of C$5.56 billion, a PE ratio of 11.12, a PEG ratio of 1.43 and a beta of 0.39. The company’s 50 day simple moving average is C$33.71 and its 200-day simple moving average is C$30.79.

About Quebecor

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.