Desjardins Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its target price upped by analysts at Desjardins from C$72.00 to C$76.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 11.42% from the stock’s current price.

A number of other brokerages also recently issued reports on QBR.B. National Bank Financial boosted their price target on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. ATB Cormark Capital Markets lifted their target price on shares of Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD boosted their target price on shares of Quebecor from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada upped their price target on shares of Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$69.71.

Quebecor Trading Up 1.5%

Shares of QBR.B stock traded up C$0.99 on Friday, hitting C$68.21. The company had a trading volume of 443,353 shares, compared to its average volume of 943,816. Quebecor has a twelve month low of C$36.94 and a twelve month high of C$70.75. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a market cap of C$15.37 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.43 and a beta of 0.69. The stock’s 50-day moving average is C$67.21 and its two-hundred day moving average is C$60.31.

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