National Bankshares Issues Pessimistic Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its target price trimmed by National Bankshares from C$40.00 to C$38.00 in a research report report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

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

Quebecor Stock Down 1.1 %

Shares of QBR.B stock opened at C$31.21 on Friday. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$35.90. The stock has a market cap of C$4.92 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.43 and a beta of 0.39. The stock has a 50 day moving average of C$32.66 and a 200 day moving average of C$32.15. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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.