Canaccord Genuity Lowers Quebecor (TSE:QBR.B) Price Target to C$28.00

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Quebecor (TSE:QBR.B) had its target price decreased by stock analysts at Canaccord Genuity from C$33.00 to C$28.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target would suggest a potential downside of 6.88% from the company’s current price.

Several other analysts have also recently weighed in on QBR.B. TD Securities cut their price target on shares of Quebecor from C$37.00 to C$36.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Royal Bank of Canada cut their price target on shares of Quebecor from C$38.00 to C$34.00 in a report on Wednesday, March 18th. Finally, National Bank Financial lifted their price target on shares of Quebecor from C$38.50 to C$40.00 and gave the company an “outperform” rating in a report on Friday, March 13th.

Shares of Quebecor stock opened at C$30.07 on Wednesday. The stock has a market capitalization of $4.97 billion and a price-to-earnings ratio of 11.79. The company’s 50 day moving average price is C$31.53 and its 200-day moving average price is C$31.92. Quebecor has a 52-week low of C$25.00 and a 52-week high of C$34.27. The company has a debt-to-equity ratio of 585.28, a quick ratio of 0.59 and a current ratio of 0.88.

Quebecor Company Profile

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.

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