Scotiabank Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price reduced by stock analysts at Scotiabank from C$51.75 to C$51.25 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 5.52% from the company’s previous close.

QBR.B has been the topic of several other reports. JPMorgan Chase & Co. set a C$56.00 target price on shares of Quebecor and gave the company an “overweight” rating in a research report on Monday, November 10th. Desjardins lifted their price objective on Quebecor from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Monday, January 12th. BMO Capital Markets increased their target price on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. Royal Bank Of Canada lowered Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. Finally, CIBC increased their price objective on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$52.72.

Quebecor Stock Performance

QBR.B opened at C$48.57 on Tuesday. The stock’s 50 day simple moving average is C$51.31 and its 200-day simple moving average is C$45.50. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a market cap of C$11.10 billion, a PE ratio of 13.68, a P/E/G ratio of 1.43 and a beta of 0.67. Quebecor has a 1 year low of C$30.30 and a 1 year high of C$53.32.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, November 6th. The company reported C$1.05 EPS for the quarter. The firm had revenue of C$1.41 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.