Quebecor (TSE:QBR.B) Sets New 1-Year High After Analyst Upgrade

Quebecor, Inc. (TSE:QBR.B)’s share price reached a new 52-week high during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from C$58.00 to C$63.50. Scotiabank currently has a sector perform rating on the stock. Quebecor traded as high as C$70.47 and last traded at C$70.47, with a volume of 14547 shares trading hands. The stock had previously closed at C$68.83.

A number of other research firms also recently weighed in on QBR.B. National Bank Financial upped their target price on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group lifted their price target on Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Desjardins boosted their price objective on Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. TD upped their price objective on Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada raised their target price on Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Quebecor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$65.79.

Quebecor Trading Up 0.6%

The firm has a market capitalization of C$15.50 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The firm’s 50 day moving average is C$65.17 and its 200 day moving average is C$58.09.

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

Quebecor Company Profile

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.