National Bankshares Lowers Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its price target cut by National Bankshares from C$40.00 to C$38.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 18.90% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets lifted their price target on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Scotiabank dropped their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Royal Bank of Canada raised shares of Quebecor from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. CIBC lifted their target price on Quebecor from C$39.00 to C$40.00 in a research note on Friday, November 8th. Finally, TD Securities decreased their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.31.

Quebecor Stock Up 1.3 %

Shares of QBR.B traded up C$0.41 during midday trading on Friday, hitting C$31.96. The company had a trading volume of 162,383 shares, compared to its average volume of 353,230. 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 52 week low of C$27.84 and a 52 week high of C$35.90. The company’s 50 day moving average price is C$32.72 and its 200 day moving average price is C$32.11. The stock has a market cap of C$5.04 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 1.43 and a beta of 0.39.

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.