National Bankshares Cuts Quebecor (TSE:QBR.B) Price Target to C$38.00

Quebecor (TSE:QBR.B) had its target price reduced by National Bankshares from C$40.00 to C$38.00 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

QBR.B has been the topic of a number of other reports. BMO Capital Markets cut Quebecor from an outperform rating to a market perform rating and lowered their price objective for the company from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on Quebecor from C$36.00 to C$35.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. Canaccord Genuity Group lowered their price target on Quebecor from C$35.00 to C$34.50 and set a buy rating on the stock in a report on Friday, February 23rd. CIBC lowered their price target on Quebecor from C$42.00 to C$39.00 in a report on Thursday, April 4th. Finally, Scotiabank boosted their price target on Quebecor from C$38.25 to C$38.75 and gave the stock an outperform rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of C$37.94.

Quebecor Stock Up 0.1 %

QBR.B stock opened at C$28.55 on Wednesday. Quebecor has a twelve month low of C$27.25 and a twelve month high of C$35.44. The company has a quick ratio of 0.35, a current ratio of 0.66 and a debt-to-equity ratio of 444.48. The stock has a market cap of C$4.40 billion, a P/E ratio of 10.20, a PEG ratio of 1.84 and a beta of 0.38. The business’s 50-day moving average price is C$30.55 and its 200-day moving average price is C$30.68.

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.