Quebecor (TSE:QBR.B) Downgraded by National Bankshares to Sector Perform

Quebecor (TSE:QBR.B) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday,BayStreet.CA reports. They currently have a C$54.00 target price on the stock. National Bankshares’ target price indicates a potential upside of 4.47% from the company’s current price.

Several other research analysts have also recently issued reports on QBR.B. TD Securities lifted their target price on shares of Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Scotiabank raised their price target on Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Royal Bank Of Canada cut Quebecor from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. BMO Capital Markets upped their price objective on Quebecor from C$47.00 to C$53.00 in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. set a C$56.00 target price on shares of Quebecor and gave the company an “overweight” rating in a research report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$49.86.

Quebecor Stock Performance

TSE QBR.B traded down C$1.19 during trading hours on Wednesday, reaching C$51.69. 319,813 shares of the company were exchanged, compared to its average volume of 984,552. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The stock has a market capitalization of C$11.81 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.43 and a beta of 0.57. Quebecor has a 1 year low of C$30.02 and a 1 year high of C$53.01. The business’s 50 day simple moving average is C$44.93 and its 200-day simple moving average is C$41.66.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter. The company had revenue of C$1.41 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.