Scotiabank Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its price target hoisted by Scotiabank from C$36.00 to C$36.50 in a report published on Wednesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently issued reports on QBR.B. National Bankshares decreased their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. TD Securities upped their price target on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. CIBC dropped their price target on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Finally, Royal Bank of Canada boosted their price objective on shares of Quebecor from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th.

Quebecor Price Performance

Quebecor stock opened at C$35.41 on Wednesday. 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 company has a fifty day simple moving average of C$34.88 and a 200-day simple moving average of C$33.58. The stock has a market cap of C$5.59 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. Quebecor has a 12-month low of C$27.84 and a 12-month high of C$38.26.

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.