Quebecor, Inc. (TSE:QBR.B) Receives C$37.56 Average Price Target from Analysts

Quebecor, Inc. (TSE:QBR.B - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$37.56.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price target on Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. TD Securities increased their price objective on Quebecor from C$36.00 to C$38.00 in a research report on Thursday, October 10th. Scotiabank lowered Quebecor from an "outperform" rating to a "sector perform" rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets increased their price objective on Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th.

Quebecor Price Performance

Shares of QBR.B traded down C$0.14 during mid-day trading on Tuesday, reaching C$35.07. The company had a trading volume of 944,226 shares, compared to its average volume of 664,467. Quebecor has a twelve month low of C$27.66 and a twelve month high of C$35.90. 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's 50-day moving average is C$34.35 and its 200-day moving average is C$31.16. The company has a market capitalization of C$5.53 billion, a P/E ratio of 10.99, a P/E/G ratio of 1.43 and a beta of 0.39.

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.