Quebecor (TSE:QBR.B) Lowered to "Sector Perform" Rating by Royal Bank Of Canada

Key Points

• Quebecor has been downgraded from an "outperform" rating to a "sector perform" rating by Royal Bank Of Canada, with a revised target price of C$46.00, suggesting a 9.34% upside potential.
• Other brokerages have varied outlooks, with Desjardins raising their target to C$47.00 and maintaining a "buy" rating, while the consensus overall rating for Quebecor is currently a "Moderate Buy."
• As of the latest trading session, Quebecor's stock traded down 4.1%, reaching C$42.07, with notable market metrics including a debt-to-equity ratio of 363.97 and a market capitalization of C$9.65 billion.

Quebecor (TSE:QBR.B - Get Free Report) was downgraded by analysts at Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They presently have a C$46.00 target price on the stock, up from their prior target price of C$45.00. Royal Bank Of Canada's price objective indicates a potential upside of 9.34% from the stock's current price.

Several other brokerages have also recently issued reports on QBR.B. Desjardins increased their target price on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. National Bankshares lifted their price objective on shares of Quebecor from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. BMO Capital Markets raised shares of Quebecor from a "market perform" rating to an "outperform" rating and increased their price objective for the company from C$40.00 to C$47.00 in a research report on Thursday, September 4th. Canaccord Genuity Group increased their price objective on shares of Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. Finally, TD Securities increased their price objective on shares of Quebecor from C$44.00 to C$46.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Quebecor currently has an average rating of "Moderate Buy" and a consensus target price of C$43.72.

Quebecor Trading Down 4.1%

QBR.B stock traded down C$1.78 during mid-day trading on Wednesday, reaching C$42.07. 318,797 shares of the stock traded hands, compared to its average volume of 990,846. The business has a 50-day moving average price of C$42.23 and a two-hundred day moving average price of C$39.84. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market capitalization of C$9.65 billion, a PE ratio of 12.60, a PEG ratio of 1.43 and a beta of 0.54. Quebecor has a one year low of C$30.02 and a one year high of C$45.31.

About Quebecor

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.

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