Quebecor (TSE:QBR.B - Get Free Report) had its price target increased by CIBC from C$39.00 to C$40.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 22.03% from the stock's previous close.
QBR.B has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Scotiabank downgraded Quebecor from an "outperform" rating to a "sector perform" rating in a research report on Thursday, October 10th. Royal Bank of Canada cut their target price on Quebecor from C$38.00 to C$37.00 in a research report on Friday. Finally, TD Securities lowered their price target on Quebecor from C$40.00 to C$39.00 and set a "buy" rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$37.94.
Get Our Latest Stock Analysis on QBR.B
Quebecor Stock Performance
Shares of TSE:QBR.B traded down C$0.74 during midday trading on Friday, hitting C$32.78. The company had a trading volume of 630,300 shares, compared to its average volume of 677,805. The company has a market cap of C$5.17 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.43 and a beta of 0.39. 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 company has a fifty day moving average of C$34.57 and a two-hundred day moving average of C$31.42. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$35.90.
Quebecor Company Profile
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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.
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