Quebecor (TSE:QBR.B) Price Target Cut to C$39.00 by Analysts at TD Securities

Quebecor (TSE:QBR.B) had its target price trimmed by TD Securities from C$40.00 to C$39.00 in a research note released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Quebecor from C$35.00 to C$37.00 in a research note 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, Royal Bank of Canada increased their price target on shares of Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Price Performance

Shares of QBR.B traded down C$0.74 during mid-day trading on Friday, hitting C$32.78. 630,300 shares of the company were exchanged, compared to its average volume of 677,805. Quebecor has a 1-year low of C$27.84 and a 1-year high of C$35.90. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The company has a 50 day moving average of C$34.57 and a 200-day moving average of C$31.42. The stock has a market cap of C$5.17 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth 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.