Quebecor, Inc. (TSE:QBR.B - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.04 and traded as high as C$35.81. Quebecor shares last traded at C$35.47, with a volume of 1,358,235 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on QBR.B. TD Securities increased their price target on Quebecor from C$39.00 to C$40.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. National Bankshares cut their price objective on Quebecor from C$40.00 to C$38.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. CIBC cut their price objective on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Scotiabank cut their price objective on Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada raised Quebecor from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Quebecor presently has an average rating of "Moderate Buy" and a consensus target price of C$38.33.
Check Out Our Latest Research Report on QBR.B
Quebecor Stock Performance
The company has a 50 day moving average price of C$32.27 and a 200-day moving average price of C$33.10. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The company has a market cap of C$5.70 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.
Quebecor Company Profile
(
Get Free Report)
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.
See Also
Before you consider Quebecor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quebecor wasn't on the list.
While Quebecor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
