Royal Bank Of Canada Boosts Quebecor (TSE:QBR.B) Price Target to C$70.00

Quebecor (TSE:QBR.B) had its price objective upped by equities research analysts at Royal Bank Of Canada from C$64.00 to C$70.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 4.85% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Desjardins lifted their price target on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a report on Friday, May 15th. Scotiabank raised their price objective on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research report on Tuesday. Scotia lifted their target price on Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. TD boosted their price target on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, ATB Cormark Capital Markets increased their price objective on Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quebecor has a consensus rating of “Moderate Buy” and an average target price of C$67.29.

Quebecor Stock Down 3.0%

TSE:QBR.B traded down C$2.07 during mid-day trading on Friday, reaching C$66.76. The stock had a trading volume of 309,226 shares, compared to its average volume of 950,527. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The company has a market capitalization of C$15.04 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. Quebecor has a 1-year low of C$36.68 and a 1-year high of C$70.75. The stock’s 50 day simple moving average is C$65.42 and its two-hundred day simple moving average is C$58.22.

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. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.40 billion for the quarter.

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.