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

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

Several other brokerages have also recently issued reports on QBR.B. TD Securities boosted their price objective on Quebecor from C$39.00 to C$40.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada raised shares of Quebecor from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Scotiabank cut their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Finally, National Bankshares lowered their price target on shares of Quebecor from C$40.00 to C$38.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Quebecor currently has a consensus rating of "Moderate Buy" and a consensus target price of C$37.79.

Quebecor Stock Performance

TSE QBR.B traded up C$0.25 on Monday, reaching C$32.97. 420,751 shares of the company's stock traded hands, compared to its average volume of 633,080. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week 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 firm has a market cap of C$5.20 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.43 and a beta of 0.39. The stock has a 50 day moving average price of C$31.78 and a 200-day moving average price of C$32.68.

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.