Quebecor, Inc. (TSE:QBR.B) Receives C$35.21 Consensus PT from Analysts

Quebecor, Inc. (TSE:QBR.B) has received a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$35.07.

A number of analysts have weighed in on the company. TD Securities cut their price target on Quebecor from C$38.00 to C$37.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets raised their price target on Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. Royal Bank of Canada restated a “hold” rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Finally, CIBC raised their price target on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th.

TSE:QBR.B traded down C$0.50 during midday trading on Friday, reaching C$31.63. The company had a trading volume of 518,074 shares, compared to its average volume of 412,298. Quebecor has a 12-month low of C$25.12 and a 12-month high of C$33.61. The company has a debt-to-equity ratio of 930.98, a current ratio of 0.79 and a quick ratio of 0.54. The firm has a market cap of $5.65 billion and a price-to-earnings ratio of 14.54. The business’s fifty day simple moving average is C$31.66.

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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

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