Quebecor (TSE:QBR.B) had its target price reduced by TD Securities from C$38.00 to C$37.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity raised shares of Fortuna Silver Mines from a hold rating to a buy rating in a research note on Thursday, March 14th. They noted that the move was a valuation call. CIBC lifted their target price on shares of Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Cormark lowered shares of Superior Gold from a buy rating to a market perform rating and cut their target price for the company from C$1.05 to C$0.80 in a research note on Thursday, March 14th. Royal Bank of Canada reaffirmed a hold rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Finally, BMO Capital Markets boosted their price objective on shares of Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Quebecor currently has a consensus rating of Buy and an average price target of C$35.07.
Shares of QBR.B opened at C$31.38 on Friday. The company’s 50-day moving average is C$31.65. The company has a market cap of $5.61 billion and a price-to-earnings ratio of 14.42. The company has a debt-to-equity ratio of 930.98, a current ratio of 0.79 and a quick ratio of 0.54. Quebecor has a 1-year low of C$25.12 and a 1-year high of C$33.61.
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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