Quebecor (TSE:QBR.B) Price Target Increased to C$38.50 by Analysts at National Bank Financial

Quebecor (TSE:QBR.B) had its price target boosted by National Bank Financial from C$37.50 to C$38.50 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 21.30% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. CIBC increased their price objective on Quebecor from C$34.00 to C$35.00 in a report on Friday. TD Securities decreased their price objective on Quebecor from C$38.00 to C$37.00 and set a “buy” rating for the company in a report on Friday, July 12th. One research analyst has 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 a consensus price target of C$35.93.

QBR.B stock traded up C$0.84 on Friday, reaching C$31.74. The company’s stock had a trading volume of 417,577 shares, compared to its average volume of 412,298. The business has a fifty day simple moving average of C$30.55 and a two-hundred day simple moving average of C$31.05. Quebecor has a 12-month low of C$26.09 and a 12-month high of C$33.61. The firm has a market cap of $5.52 billion and a PE ratio of 12.64. The company has a debt-to-equity ratio of 776.98, a quick ratio of 0.57 and a current ratio of 0.83.

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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Analyst Recommendations for Quebecor (TSE:QBR.B)

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