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

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Quebecor (TSE:QBR.B) had its target price cut by equities researchers at TD Securities from C$38.00 to C$37.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 16.98% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. CIBC increased their price objective on shares of Quebecor from C$34.00 to C$35.00 in a research report on Friday, May 10th. Canaccord Genuity upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Cormark downgraded shares of Superior Gold from a “buy” rating to a “market perform” rating and reduced their target price for the company from C$1.05 to C$0.80 in a research note on Thursday, March 14th. Finally, BMO Capital Markets increased their target price on shares of Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$35.07.

QBR.B stock opened at C$31.63 on Friday. Quebecor has a 52 week low of C$25.12 and a 52 week high of C$33.61. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 930.98. The company’s fifty day simple moving average is C$31.66. The company has a market capitalization of $5.65 billion and a price-to-earnings ratio of 14.54.

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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