Scotiabank Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its price target increased by investment analysts at Scotiabank from C$36.00 to C$36.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 3.02% from the stock’s current price.

Other research analysts have also issued reports about the company. National Bankshares lowered their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. TD Securities boosted their price target on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. CIBC lowered their price objective on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th.

Quebecor Trading Up 0.5 %

Shares of Quebecor stock traded up C$0.18 during midday trading on Wednesday, reaching C$35.43. The company had a trading volume of 127,104 shares, compared to its average volume of 956,642. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$38.26. The stock has a fifty day moving average price of C$34.83 and a 200 day moving average price of C$33.58. The firm has a market cap of C$5.59 billion, a PE ratio of 11.18, a P/E/G ratio of 1.43 and a beta of 0.39.

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.