Quebecor, Inc. (TSE:QBR.B) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Quebecor, Inc. (TSE:QBR.B - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$38.41.

A number of research firms recently weighed in on QBR.B. Royal Bank of Canada decreased their target price on Quebecor from C$36.00 to C$35.00 and set a "sector perform" rating on the stock in a research report on Wednesday. BMO Capital Markets downgraded Quebecor from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from C$42.00 to C$33.00 in a report on Tuesday, April 2nd. Desjardins lifted their price objective on Quebecor from C$41.50 to C$42.00 and gave the company a "buy" rating in a report on Friday, January 26th. Scotiabank lifted their price objective on Quebecor from C$38.25 to C$38.75 and gave the company an "outperform" rating in a report on Friday, February 23rd. Finally, Canaccord Genuity Group decreased their price objective on Quebecor from C$35.00 to C$34.50 and set a "buy" rating on the stock in a report on Friday, February 23rd.

Quebecor Stock Performance

QBR.B stock traded down C$0.35 during trading on Friday, reaching C$29.71. 586,678 shares of the stock were exchanged, compared to its average volume of 414,084. Quebecor has a twelve month low of C$27.25 and a twelve month high of C$35.44. The company has a market capitalization of C$4.57 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The stock has a 50 day simple moving average of C$30.89 and a 200-day simple moving average of C$30.67. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48.

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.