BMO Capital Markets Raises Quebecor (TSE:QBR.B) Price Target to C$35.00

Quebecor (TSE:QBR.B) had its price objective boosted by stock analysts at BMO Capital Markets from C$33.00 to C$35.00 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 5.55% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Royal Bank of Canada lifted their target price on Quebecor from C$35.00 to C$36.00 in a research report on Friday. National Bankshares lowered their price target on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday, May 10th. Scotiabank reduced their price objective on shares of Quebecor from C$38.50 to C$37.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, TD Securities dropped their target price on Quebecor from C$37.00 to C$35.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$36.94.

Quebecor Stock Performance

TSE:QBR.B remained flat at C$33.16 during mid-day trading on Friday. The company’s stock had a trading volume of 178,363 shares, compared to its average volume of 616,536. The stock has a market capitalization of C$5.11 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 1.43 and a beta of 0.38. The company has a fifty day moving average price of C$29.28 and a two-hundred day moving average price of C$30.09. The company has a current ratio of 0.65, a quick ratio of 0.35 and a debt-to-equity ratio of 411.72. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$34.47.

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.