TD Securities Lowers Quebecor (TSE:QBR.B) Price Target to C$37.00

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.

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.

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