Quebecor (TSE:QBR.B) Given New C$38.00 Price Target at National Bankshares

Quebecor (TSE:QBR.B) had its price objective lowered by analysts at National Bankshares from C$40.00 to C$38.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 30.94% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Scotiabank upped their target price on Quebecor from C$38.25 to C$38.75 and gave the stock an “outperform” rating in a report on Friday, February 23rd. BMO Capital Markets cut Quebecor from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$42.00 to C$33.00 in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Quebecor from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 10th. CIBC dropped their price target on Quebecor from C$42.00 to C$39.00 in a research report on Thursday, April 4th. Finally, Canaccord Genuity Group dropped their price target on Quebecor from C$35.00 to C$34.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the 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 Down 0.9 %

Shares of QBR.B stock traded down C$0.27 during midday trading on Wednesday, reaching C$29.02. 335,297 shares of the stock were exchanged, compared to its average volume of 428,576. Quebecor has a 1 year low of C$27.25 and a 1 year high of C$35.44. The company’s 50 day moving average is C$30.74 and its two-hundred day moving average is C$30.70. The company has a current ratio of 0.66, a quick ratio of 0.35 and a debt-to-equity ratio of 444.48. The firm has a market cap of C$4.47 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.38.

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.