Quebecor (TSE:QBR.B) PT Lowered to C$37.00

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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.

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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