Quebecor (TSE:QBR.B) Lowered to “Hold” Rating by Canaccord Genuity Group

Quebecor (TSE:QBR.B) was downgraded by equities research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday,BayStreet.CA reports. They presently have a C$51.25 price target on the stock, up from their prior price target of C$50.00. Canaccord Genuity Group’s price target would indicate a potential upside of 2.50% from the company’s previous close.

A number of other brokerages have also recently commented on QBR.B. JPMorgan Chase & Co. set a C$56.00 price target on shares of Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. TD Securities increased their price objective on Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Desjardins lifted their price objective on shares of Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a report on Monday. CIBC boosted their target price on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. Finally, National Bankshares lowered Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price for the company. in a research report on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$52.78.

Quebecor Trading Down 3.6%

QBR.B stock traded down C$1.88 during trading on Tuesday, hitting C$50.00. The company had a trading volume of 255,718 shares, compared to its average volume of 564,878. The business has a 50-day moving average of C$51.14 and a 200-day moving average of C$45.14. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. Quebecor has a one year low of C$30.02 and a one year high of C$53.32. The stock has a market cap of C$11.42 billion, a PE ratio of 14.08, a PEG ratio of 1.43 and a beta of 0.67.

Quebecor (TSE:QBR.B) last released its earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. The company had revenue of C$1.41 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.