Quebecor (TSE:QBR.B) Price Target Raised to C$36.50 at Scotiabank

Quebecor (TSE:QBR.B - Free Report) had its target price hoisted by Scotiabank from C$36.00 to C$36.50 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on QBR.B. CIBC decreased their target price on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Royal Bank of Canada increased their price objective on Quebecor from C$38.00 to C$41.00 and gave the company an "outperform" rating in a report on Wednesday, April 9th. TD Securities upped their price target on shares of Quebecor from C$39.00 to C$40.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, National Bankshares lowered their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd.

Quebecor Stock Up 2.0 %

Shares of TSE:QBR.B traded up C$0.73 during trading on Wednesday, hitting C$36.86. 799,141 shares of the company were exchanged, compared to its average volume of 950,751. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm's 50 day moving average price is C$35.03 and its 200-day moving average price is C$33.60. The stock has a market capitalization of C$5.82 billion, a P/E ratio of 11.63, a PEG ratio of 1.43 and a beta of 0.39. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$38.26.

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.