Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Quebecor, Inc. (TSE:QBR.B) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$37.94.

A number of brokerages have issued reports on QBR.B. BMO Capital Markets downgraded shares of Quebecor from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. CIBC dropped their target price on shares of Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th. Royal Bank of Canada decreased their price target on shares of Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 10th. Canaccord Genuity Group dropped their price objective on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, Scotiabank reduced their price objective on Quebecor from C$38.50 to C$37.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th.

Quebecor Trading Up 1.0 %

QBR.B opened at C$28.95 on Tuesday. Quebecor has a 1-year low of C$27.25 and a 1-year high of C$35.05. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. The company has a market cap of C$4.46 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The company has a fifty day moving average price of C$29.96 and a two-hundred day moving average price of C$30.68.

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.