Quebecor (TSE:QBR.B - Get Free Report) had its price target hoisted by analysts at Royal Bank of Canada from C$38.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 16.64% from the company's current price.
Several other research firms have also commented on QBR.B. 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. TD Securities boosted their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, CIBC dropped their target price on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th.
Read Our Latest Report on QBR.B
Quebecor Trading Up 2.1 %
Shares of QBR.B traded up C$0.73 during trading hours on Wednesday, reaching C$35.15. 1,141,607 shares of the company traded hands, compared to its average volume of 971,478. The stock's fifty day moving average price is C$34.71 and its 200 day moving average price is C$33.56. 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 firm has a market cap of C$5.55 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$38.26.
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.
Further Reading
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