Quebecor (TSE:QBR.B) PT Lowered to C$39.00

Quebecor (TSE:QBR.B - Get Free Report) had its price target decreased by CIBC from C$42.00 to C$39.00 in a report released on Thursday, BayStreet.CA reports. CIBC's price target indicates a potential upside of 34.34% from the company's current price.

A number of other brokerages have also issued reports on QBR.B. Canaccord Genuity Group decreased their target price on Quebecor from C$35.00 to C$34.50 and set a "buy" rating on the stock in a research report on Friday, February 23rd. Desjardins increased their target price on Quebecor from C$41.50 to C$42.00 and gave the company a "buy" rating in a research report on Friday, January 26th. BMO Capital Markets lowered Quebecor from an "outperform" rating to a "market perform" rating and decreased their target price for the company from C$42.00 to C$33.00 in a research report on Tuesday. Scotiabank increased their target price on Quebecor from C$38.25 to C$38.75 and gave the company an "outperform" rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada decreased their target price on Quebecor from C$38.00 to C$36.00 in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Quebecor presently has a consensus rating of "Moderate Buy" and a consensus price target of C$38.53.

Quebecor Stock Performance

Quebecor stock traded up C$0.35 during mid-day trading on Thursday, hitting C$29.03. The company had a trading volume of 359,891 shares, compared to its average volume of 396,953. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. Quebecor has a 12-month low of C$27.25 and a 12-month high of C$35.61. The company's fifty day moving average is C$31.19 and its 200-day moving average is C$30.66. The company has a market capitalization of C$4.47 billion, a price-to-earnings ratio of 10.37, 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.