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

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

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank upped their price objective on shares of Quebecor from C$38.25 to C$38.75 and gave the stock an outperform rating in a report on Friday, February 23rd. Royal Bank of Canada cut their price objective on shares of Quebecor from C$36.00 to C$35.00 and set a sector perform rating for the company in a research report on Wednesday, April 10th. Desjardins upped 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. CIBC cut their price objective on shares of Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Finally, BMO Capital Markets lowered shares of Quebecor from an outperform rating to a market perform rating and cut their price objective for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$37.94.

Quebecor Trading Down 0.9 %

Shares of TSE:QBR.B opened at C$29.02 on Wednesday. The stock has a market capitalization 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. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$35.44. The firm has a fifty day moving average price of C$30.68 and a 200 day moving average price of C$30.69. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48.

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.