Longbow downgraded Restaurant Brands International (TSE:QSR) to Under Perform in a statement released earlier today.
- Updated: September 26, 2016
Longbow has downgraded Restaurant Brands International (TSE:QSR) to Under Perform in a report released on 9/26/2016.
Just yesterday Restaurant Brands International (TSE:QSR) traded -2.90% lower at $59.02. Restaurant Brands International’s 50-day moving average is $61.10 and its 200-day moving average is $55.47. The last stock close price is up 6.26% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trading volume was down over the average, with 127,586 shares of QSR changing hands under the typical 318,844
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With a total market value of $0, Restaurant Brands International has price-earnings ratio of 54.57 with a one year low of $40.75 and a one year high of $64.32 .
A total of 7 brokers have issued a research note on the stock. zero analysts rating the company a strong buy, three brokerages rating the stock a buy, eight analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $41.64.
About Restaurant Brands International (TSE:QSR)
Restaurant Brands International Inc. is a quick service restaurant (QSR) company. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand. Tim Hortons restaurants are quick service restaurants with a menu that includes premium blend coffee, tea, espresso-based hot and cold specialty drinks, fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others. Burger King restaurants are quick service restaurants that feature flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks and other affordably-priced food items.
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