Brokerages Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$37.44

Quebecor, Inc. (TSE:QBR.B) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$37.44.

Several brokerages have commented on QBR.B. Royal Bank of Canada boosted their price target on shares of Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. TD Securities increased their price target on Quebecor from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets raised their price target on Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th.

Quebecor Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The company has a market capitalization of C$5.42 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.38. The firm has a 50 day moving average price of C$31.53 and a 200-day moving average price of C$30.32. Quebecor has a twelve month low of C$27.25 and a twelve month high of C$34.74.

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.