Scotiabank Cuts Quebecor (TSE:QBR.B) Price Target to C$37.00

Quebecor (TSE:QBR.B) had its target price lowered by Scotiabank from C$38.50 to C$37.00 in a report issued on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on QBR.B. Canaccord Genuity Group cut their target price on Quebecor from C$35.00 to C$34.50 and set a buy rating for the company in a research note on Friday, February 23rd. Royal Bank of Canada cut their target price on Quebecor from C$36.00 to C$35.00 and set a sector perform rating for the company in a research note on Wednesday, April 10th. BMO Capital Markets cut Quebecor from an outperform rating to a market perform rating and cut their target price for the stock from C$42.00 to C$33.00 in a research note on Tuesday, April 2nd. CIBC cut their target price on Quebecor from C$42.00 to C$39.00 in a research note on Thursday, April 4th. Finally, National Bankshares cut their target price on Quebecor from C$40.00 to C$38.00 and set an outperform rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$37.94.

Quebecor Price Performance

TSE:QBR.B opened at C$28.55 on Wednesday. Quebecor has a one year low of C$27.25 and a one year high of C$35.44. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66. The stock has a market cap of C$4.40 billion, a PE ratio of 10.20, a P/E/G ratio of 1.84 and a beta of 0.38. The stock has a 50 day moving average price of C$30.55 and a 200 day moving average price of C$30.68.

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.