Quebecor (TSE:QBR.B) PT Lowered to C$37.00

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 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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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