Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$37.94.

A number of analysts have recently commented on the company. Canaccord Genuity Group dropped their price objective on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. CIBC dropped their price objective on Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th. National Bankshares dropped their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets downgraded Quebecor from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. Finally, Desjardins lifted their target price on Quebecor from C$41.50 to C$42.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

Quebecor Stock Down 1.7 %

QBR.B opened at C$28.52 on Friday. Quebecor has a one year low of C$27.25 and a one year high of C$35.44. 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 stock’s fifty day moving average is C$30.62 and its 200-day moving average is C$30.68. The company has a market capitalization of C$4.39 billion, a PE ratio of 10.19, 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.