Quebecor (TSE:QBR.B) Given New C$63.50 Price Target at Scotiabank

Quebecor (TSE:QBR.B) had its price target lifted by investment analysts at Scotiabank from C$58.00 to C$63.50 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would suggest a potential downside of 7.92% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Desjardins raised their target price on Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets upped their price target on shares of Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD increased their price objective on shares of Quebecor from C$69.00 to C$78.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, BMO Capital Markets raised their price objective on shares of Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$65.79.

Quebecor Stock Performance

QBR.B stock traded down C$0.18 on Tuesday, hitting C$68.96. The company had a trading volume of 267,438 shares, compared to its average volume of 958,316. Quebecor has a 12-month low of C$36.68 and a 12-month high of C$70.75. 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 stock’s 50-day simple moving average is C$64.68 and its 200 day simple moving average is C$57.84. The stock has a market cap of C$15.54 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.43 and a beta of 0.68.

Quebecor (TSE:QBR.B) last announced its earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.40 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.