Quebecor (TSE:QBR.B) Price Target Cut to C$37.00 by Analysts at Scotiabank

Quebecor (TSE:QBR.B) had its target price decreased by Scotiabank from C$38.50 to C$37.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 29.73% from the company’s previous close.

QBR.B has been the subject of a number of other research reports. CIBC decreased their target price on Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Royal Bank of Canada cut their price objective on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. National Bankshares lowered their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets cut Quebecor from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. Finally, Canaccord Genuity Group reduced their target price on shares of Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Price Performance

QBR.B stock opened at C$28.52 on Wednesday. The company has a market cap of C$4.39 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. The stock has a 50-day moving average price of C$30.62 and a two-hundred day moving average price of C$30.68. Quebecor has a 12-month low of C$27.25 and a 12-month high of C$35.44.

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.