TD Securities Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B - Get Free Report) had its target price raised by research analysts at TD Securities from C$39.00 to C$40.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 22.77% from the company's current price.

QBR.B has been the subject of a number of other research reports. CIBC lifted their target price on shares of Quebecor from C$39.00 to C$40.00 in a report on Friday, November 8th. National Bankshares reduced their price target on shares of Quebecor from C$40.00 to C$38.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Royal Bank of Canada raised Quebecor from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Finally, Scotiabank reduced their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Quebecor has a consensus rating of "Moderate Buy" and an average price target of C$37.93.

Quebecor Trading Up 1.0 %

QBR.B traded up C$0.32 during mid-day trading on Thursday, reaching C$32.58. The stock had a trading volume of 311,162 shares, compared to its average volume of 526,678. The firm's fifty day simple moving average is C$31.76 and its two-hundred day simple moving average is C$32.51. The stock has a market capitalization of C$5.14 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.43 and a beta of 0.39. Quebecor has a 52 week low of C$27.84 and a 52 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.

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.