National Bankshares Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B - Get Free Report) had its price target boosted by investment analysts at National Bankshares from C$38.00 to C$40.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' target price points to a potential upside of 1.96% from the company's previous close.

Several other research analysts have also issued reports on QBR.B. CIBC cut their target price on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Scotiabank upped their price target on Quebecor from C$36.00 to C$36.50 and gave the stock a "sector perform" rating in a research note on Wednesday, April 16th. TD Securities cut their target price on Quebecor from C$45.00 to C$44.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Royal Bank of Canada increased their target price on shares of Quebecor from C$38.00 to C$41.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th.

Quebecor Trading Down 1.2%

Shares of QBR.B stock traded down C$0.49 during trading hours on Friday, hitting C$39.23. 54,036 shares of the company's stock traded hands, compared to its average volume of 907,137. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a 12 month low of C$27.84 and a 12 month high of C$39.92. The stock has a market cap of C$6.19 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The stock's 50 day simple moving average is C$37.17 and its 200 day simple moving average is C$34.36.

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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