Royal Bank of Canada Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its target price lifted by Royal Bank of Canada from C$38.00 to C$41.00 in a report issued on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. TD Securities boosted their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. National Bankshares reduced their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, CIBC dropped their price objective on Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th.

Quebecor Stock Down 1.8 %

TSE:QBR.B opened at C$34.42 on Wednesday. Quebecor has a twelve month low of C$27.84 and a twelve month high of C$38.26. The firm has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. 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’s 50 day moving average price is C$34.71 and its two-hundred day moving average price is C$33.57.

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.