Quebecor (TSE:QBR.B) Price Target Cut to C$37.00 by Analysts at Royal Bank of Canada

Quebecor (TSE:QBR.B) had its price objective reduced by investment analysts at Royal Bank of Canada from C$38.00 to C$37.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 11.14% from the company’s previous close.

A number of other brokerages have also recently commented on QBR.B. Scotiabank cut Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their target price on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. Finally, TD Securities dropped their target price on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$37.94.

Quebecor Price Performance

Shares of QBR.B stock traded down C$0.23 during trading hours on Friday, reaching C$33.29. The company’s stock had a trading volume of 156,603 shares, compared to its average volume of 675,622. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$35.90. The company has a market capitalization of C$5.25 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.43 and a beta of 0.39. The firm’s 50 day simple moving average is C$34.57 and its 200-day simple moving average is C$31.40.

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.