Quebecor (QBR.B) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Quebecor (TSE: QBR.B):

• 4/17/2024 – Quebecor had its price target lowered by analysts at Scotiabank from C$38.50 to C$37.00. They now have an “outperform” rating on the stock.
• 4/17/2024 – Quebecor had its price target lowered by analysts at National Bankshares, Inc. from C$40.00 to C$38.00. They now have an “outperform” rating on the stock.
• 4/10/2024 – Quebecor had its price target lowered by analysts at Royal Bank of Canada from C$36.00 to C$35.00. They now have a “sector perform” rating on the stock.
• 4/4/2024 – Quebecor had its price target lowered by analysts at CIBC from C$42.00 to C$39.00.
• 4/2/2024 – Quebecor was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a C$33.00 price target on the stock, down previously from C$42.00.

Quebecor Stock Performance

QBR.B traded down C$0.26 during midday trading on Thursday, reaching C$28.47. The company had a trading volume of 728,232 shares, compared to its average volume of 446,416. The company has a debt-to-equity ratio of 444.48, a quick ratio of 0.35 and a current ratio of 0.66. The stock has a market cap of C$4.38 billion, a PE ratio of 10.17, a P/E/G ratio of 1.84 and a beta of 0.38. Quebecor, Inc. has a 12-month low of C$27.25 and a 12-month high of C$35.44. The business has a 50-day moving average price of C$30.39 and a two-hundred day moving average price of C$30.69.

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.