Quebecor (TSE:QBR.B) Stock Price Expected to Rise, TD Securities Analyst Says

Quebecor (TSE:QBR.B) had its price target boosted by TD Securities from C$39.00 to C$40.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 24.80% from the stock’s current price.

QBR.B has been the topic of several other research reports. 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. National Bankshares lowered their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada raised 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 report on Wednesday, December 18th. Finally, CIBC increased their price target on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$37.93.

Quebecor Stock Up 0.4 %

Shares of QBR.B traded up C$0.13 during trading hours on Thursday, hitting C$32.05. The stock had a trading volume of 25,994 shares, compared to its average volume of 493,317. Quebecor has a 1-year low of C$27.84 and a 1-year high of C$35.90. The firm has a market capitalization of C$5.06 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The firm has a 50 day simple moving average of C$31.74 and a 200-day simple moving average of C$32.39. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

About Quebecor

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.