Quebecor (TSE:QBR.B) Earns “Outperform” Rating from CIBC

CIBC restated their outperform rating on shares of Quebecor (TSE:QBR.B) in a research note issued to investors on Friday morning, Stock Target Advisor reports. The brokerage currently has a C$40.00 target price on the stock.

A number of other research analysts also recently issued reports on QBR.B. National Bank Financial upped their price target on Quebecor to C$40.00 and gave the company an outperform rating in a report on Thursday, February 18th. Royal Bank of Canada upped their price target on Quebecor from C$39.00 to C$41.00 and gave the company an outperform rating in a report on Tuesday, May 11th. Finally, Scotiabank upped their price target on Quebecor from C$38.00 to C$39.00 in a report on Friday, February 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$39.29.

TSE QBR.B opened at C$33.12 on Friday. Quebecor has a 12 month low of C$27.95 and a 12 month high of C$36.26. The stock has a market cap of C$8.13 billion and a P/E ratio of 14.10. The stock’s fifty day moving average price is C$34.37 and its 200-day moving average price is C$33.00. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 502.47.

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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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