Quebecor (TSE:QBR.B) had its target price reduced by equities researchers at TD Securities from C$38.00 to C$37.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 16.21% from the stock’s previous close.
A number of other brokerages have also issued reports on QBR.B. Canaccord Genuity upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating on shares of Rogers Communications in a research note on Tuesday, April 9th. BMO Capital Markets raised their target price on Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. Cormark lowered Superior Gold from a “buy” rating to a “market perform” rating and reduced their target price for the stock from C$1.05 to C$0.80 in a research note on Thursday, March 14th. Finally, CIBC raised their target price on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$35.07.
Shares of Quebecor stock traded down C$0.29 during trading on Friday, reaching C$31.84. The company’s stock had a trading volume of 370,717 shares, compared to its average volume of 412,298. The company has a debt-to-equity ratio of 930.98, a quick ratio of 0.54 and a current ratio of 0.79. The stock has a market capitalization of $5.69 billion and a P/E ratio of 14.63. Quebecor has a 1-year low of C$25.12 and a 1-year high of C$33.61. The company has a 50-day moving average price of C$31.66.
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.
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