Quebecor (TSE:QBR.B) had its price objective trimmed by TD Securities from C$38.00 to C$37.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
QBR.B has been the topic of a number of other research reports. Royal Bank of Canada restated a hold rating on shares of Rogers Communications in a report on Tuesday, April 9th. BMO Capital Markets upped their target price on shares of Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, May 10th. Canaccord Genuity upgraded shares of Fortuna Silver Mines from a hold rating to a buy rating in a report on Thursday, March 14th. They noted that the move was a valuation call. CIBC upped their target price on shares of Quebecor from C$34.00 to C$35.00 in a report on Friday, May 10th. Finally, Cormark lowered shares of Superior Gold from a buy rating to a market perform rating and lowered their target price for the stock from C$1.05 to C$0.80 in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Quebecor currently has a consensus rating of Buy and an average price target of C$35.07.
Shares of QBR.B opened at C$31.38 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 930.98. The company has a market capitalization of $5.61 billion and a PE ratio of 14.42. The firm’s fifty day moving average price is C$31.65. Quebecor has a 12 month low of C$25.12 and a 12 month high of C$33.61.
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.
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