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

Quebecor (TSE:QBR.B) had its price target lowered by National Bankshares from C$40.00 to C$38.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 33.24% from the stock’s current price.

Several other equities analysts have also commented on the company. Royal Bank of Canada reduced their price objective on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. Canaccord Genuity Group reduced their price target on shares of Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Scotiabank boosted their price objective on shares of Quebecor from C$38.25 to C$38.75 and gave the stock an “outperform” rating in a report on Friday, February 23rd. CIBC reduced their target price on shares of Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Finally, Desjardins lifted their target price on shares of Quebecor from C$41.50 to C$42.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Stock Down 1.7 %

Shares of TSE:QBR.B opened at C$28.52 on Wednesday. The firm has a market capitalization of C$4.39 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66. Quebecor has a 52-week low of C$27.25 and a 52-week high of C$35.44. The firm has a fifty day moving average of C$30.62 and a 200 day moving average of C$30.68.

Quebecor Company Profile

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.