Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$37.94.

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price target on Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. TD Securities lowered their target price on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of Quebecor from C$38.00 to C$37.00 in a research report on Friday, November 8th. CIBC increased their price objective on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Finally, Scotiabank reduced their target price on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday.

Quebecor Stock Up 0.4 %

QBR.B opened at C$32.32 on Friday. The company has a market capitalization of C$5.10 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The firm has a 50-day simple moving average of C$34.14 and a two-hundred day simple moving average of C$31.72. 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.

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.