Quebecor, Inc. (TSE:QBR.B) Stock Has Consensus Target Price of C$70.12

Shares of Quebecor, Inc. (TSE:QBR.B) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$70.12.

A number of analysts recently issued reports on QBR.B shares. Raymond James Financial raised Quebecor from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$72.00 to C$75.00 in a research note on Tuesday, September 15th. Scotia lifted their price target on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their price target on shares of Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, August 7th. TD upped their price target on shares of Quebecor from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Desjardins increased their price objective on shares of Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a research report on Friday, August 7th.

Quebecor Price Performance

Shares of QBR.B stock opened at C$77.07 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a 12-month low of C$46.63 and a 12-month high of C$77.21. The firm has a fifty day moving average of C$64.53 and a 200-day moving average of C$61.71. The firm has a market capitalization of C$17.22 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56.

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.