Quebecor (TSE:QBR.B) Rating Lowered to Market Perform at BMO Capital Markets

Quebecor (TSE:QBR.B - Get Free Report) was downgraded by investment analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating in a report issued on Tuesday, BayStreet.CA reports. They presently have a C$33.00 target price on the stock, down from their prior target price of C$42.00. BMO Capital Markets' price target would suggest a potential upside of 15.02% from the company's previous close.

Several other equities research analysts have also weighed in on the stock. National Bankshares upped their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a report on Friday, December 8th. Royal Bank of Canada lowered their target price on shares of Quebecor from C$38.00 to C$36.00 in a report on Friday, February 23rd. Canaccord Genuity Group decreased their price objective on shares of Quebecor from C$35.00 to C$34.50 and set a "buy" rating on the stock in a report on Friday, February 23rd. Desjardins increased their price objective on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a "buy" rating in a report on Friday, January 26th. Finally, Scotiabank increased their price objective on shares of Quebecor from C$38.25 to C$38.75 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$38.91.

Quebecor Price Performance

Shares of QBR.B traded down C$1.03 during trading hours on Tuesday, hitting C$28.69. The stock had a trading volume of 1,389,475 shares, compared to its average volume of 396,747. The company's fifty day moving average is C$31.34 and its two-hundred day moving average is C$30.69. The company has a debt-to-equity ratio of 444.48, a current ratio of 0.66 and a quick ratio of 0.35. Quebecor has a 52 week low of C$27.25 and a 52 week high of C$35.61. The stock has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.84 and a beta of 0.38.

Quebecor Company Profile

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.