National Bankshares Cuts Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its price objective cut by National Bankshares from C$40.00 to C$38.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. CIBC decreased their price target on Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Scotiabank upped their price target on Quebecor from C$38.25 to C$38.75 and gave the company an outperform rating in a research report on Friday, February 23rd. Canaccord Genuity Group decreased their price target on 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. Desjardins upped their price target on Quebecor from C$41.50 to C$42.00 and gave the company a buy rating in a research report on Friday, January 26th. Finally, BMO Capital Markets cut Quebecor from an outperform rating to a market perform rating and decreased their price target for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$37.94.

Quebecor Trading Up 0.1 %

Shares of Quebecor stock opened at C$28.55 on Wednesday. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$35.44. The stock’s 50-day simple moving average is C$30.55 and its 200 day simple moving average is C$30.68. The stock has a market capitalization of C$4.40 billion, a P/E ratio of 10.20, a P/E/G ratio of 1.84 and a beta of 0.38. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66.

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.