Quebecor (TSE:QBR.B) Downgraded to Sector Perform Rating by National Bankshares

Quebecor (TSE:QBR.B) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$54.00 price objective on the stock. National Bankshares’ price objective suggests a potential upside of 4.47% from the company’s current price.

A number of other analysts have also commented on QBR.B. Royal Bank Of Canada lowered Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$45.00 to C$46.00 in a report on Wednesday, October 15th. Desjardins upped their price target on Quebecor from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. set a C$56.00 price target on shares of Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. BMO Capital Markets lifted their target price on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. Finally, CIBC upped their price target on shares of Quebecor from C$49.00 to C$54.00 in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$49.86.

Quebecor Price Performance

Shares of QBR.B traded down C$1.19 during trading hours on Wednesday, hitting C$51.69. 319,813 shares of the company were exchanged, compared to its average volume of 984,552. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a fifty-two week low of C$30.02 and a fifty-two week high of C$53.01. The company has a market cap of C$11.81 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.43 and a beta of 0.57. The firm’s fifty day moving average is C$44.93 and its 200 day moving average is C$41.66.

Quebecor (TSE:QBR.B) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$1.02 EPS for the quarter. The company had revenue of C$1.41 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.