Quebecor (TSE:QBR.B) PT Lowered to C$35.00 at Royal Bank of Canada

Quebecor (TSE:QBR.B) had its target price cut by investment analysts at Royal Bank of Canada from C$36.00 to C$35.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 17.21% from the company’s current price.

Several other equities research analysts have also recently weighed in on QBR.B. BMO Capital Markets cut Quebecor from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Canaccord Genuity Group reduced their price objective on Quebecor from C$35.00 to C$34.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Desjardins increased their price objective 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. Scotiabank upped their target price on Quebecor from C$38.25 to C$38.75 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, CIBC cut their target price on Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$38.41.

Quebecor Stock Performance

Shares of QBR.B traded down C$0.22 during mid-day trading on Wednesday, hitting C$29.86. The company’s stock had a trading volume of 122,058 shares, compared to its average volume of 406,536. Quebecor has a one year low of C$27.25 and a one year high of C$35.61. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66. The firm has a market capitalization of C$4.60 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The stock’s 50-day moving average is C$31.05 and its two-hundred day moving average is C$30.68.

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.