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 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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