Quebecor (TSE:QBR.B) Price Target Raised to C$41.00 at Royal Bank of Canada

Quebecor (TSE:QBR.B) had its price target hoisted by Royal Bank of Canada from C$38.00 to C$41.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

QBR.B has been the subject of a number of other reports. TD Securities increased their price objective on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. National Bankshares reduced their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, CIBC lowered their price target on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th.

Quebecor Trading Up 0.6 %

TSE:QBR.B traded up C$0.20 during mid-day trading on Wednesday, hitting C$35.22. 229,009 shares of the company’s stock were exchanged, compared to its average volume of 954,808. Quebecor has a fifty-two week low of C$27.84 and a fifty-two week high of C$38.26. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$5.56 billion, a P/E ratio of 11.11, a PEG ratio of 1.43 and a beta of 0.39. The company has a 50 day simple moving average of C$34.63 and a 200-day simple moving average of C$33.56.

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.