Quebecor (TSE:QBR.B) Price Target Cut to C$37.00

Quebecor (TSE:QBR.B) had its price target cut by analysts at Scotiabank from C$38.50 to C$37.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 27.50% from the company’s current price.

QBR.B has been the topic of several other reports. Desjardins raised their price objective on shares of Quebecor from C$41.50 to C$42.00 and gave the company a “buy” rating in a research report on Friday, January 26th. BMO Capital Markets downgraded shares of Quebecor from an “outperform” rating to a “market perform” rating and reduced their price target for the company from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their price target on shares of Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 10th. National Bankshares reduced their price target on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Canaccord Genuity Group reduced their price target on shares of Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$37.94.

Quebecor Stock Performance

QBR.B traded down C$0.27 during trading on Wednesday, hitting C$29.02. The company’s stock had a trading volume of 335,297 shares, compared to its average volume of 428,576. The company has a quick ratio of 0.35, a current ratio of 0.66 and a debt-to-equity ratio of 444.48. Quebecor has a one year low of C$27.25 and a one year high of C$35.44. The firm has a market cap of C$4.47 billion, a PE ratio of 10.36, a P/E/G ratio of 1.84 and a beta of 0.38. The business’s 50 day simple moving average is C$30.74 and its 200-day simple moving average is C$30.70.

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.