TD Securities Trims Quebecor (TSE:QBR.B) Target Price to C$35.00

Quebecor (TSE:QBR.B) had its price target cut by TD Securities from C$37.00 to C$35.00 in a research note released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on QBR.B. Royal Bank of Canada dropped their target price on shares of Quebecor from C$36.00 to C$35.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. BMO Capital Markets cut Quebecor from an outperform rating to a market perform rating and lowered their price objective for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. National Bankshares decreased their price target on shares of Quebecor from C$38.00 to C$37.00 in a research note on Friday, May 10th. Scotiabank lowered their target price on shares of Quebecor from C$38.50 to C$37.00 and set an outperform rating on the stock in a research note on Wednesday, April 17th. Finally, CIBC dropped their target price on Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Quebecor currently has an average rating of Moderate Buy and an average target price of C$36.56.

Quebecor Stock Performance

Shares of TSE QBR.B opened at C$29.25 on Monday. The business’s 50-day simple moving average is C$28.98 and its 200-day simple moving average is C$30.20. The company has a debt-to-equity ratio of 411.72, a quick ratio of 0.35 and a current ratio of 0.65. Quebecor has a 52 week low of C$27.25 and a 52 week high of C$34.47. The firm has a market cap of C$4.50 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.32 and a beta of 0.37.

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.