CIBC Cuts Quebecor (TSE:QBR.B) Price Target to C$39.00

Quebecor (TSE:QBR.B) had its price objective decreased by CIBC from C$40.00 to C$39.00 in a report issued on Monday,BayStreet.CA reports.

QBR.B has been the subject of a number of other reports. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. TD Securities lifted their price target on shares of Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Scotiabank dropped their price target on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. Finally, National Bankshares dropped 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 research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy” and a consensus target price of C$37.79.

Quebecor Stock Performance

QBR.B stock opened at C$32.72 on Monday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market cap of C$5.16 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.43 and a beta of 0.39. The firm has a 50 day simple moving average of C$31.78 and a 200 day simple moving average of C$32.66. Quebecor has a 52 week low of C$27.84 and a 52 week high of C$35.90.

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.