Quebecor (TSE:QBR.B) Issues Earnings Results

Quebecor (TSE:QBR.B) announced its earnings results on Thursday. The company reported C$0.99 earnings per share for the quarter, FiscalAI reports. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The company had revenue of C$1.55 billion during the quarter.

Quebecor Price Performance

QBR.B opened at C$53.80 on Friday. 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 company’s 50-day moving average price is C$51.26 and its 200 day moving average price is C$47.61. Quebecor has a fifty-two week low of C$32.21 and a fifty-two week high of C$56.86. The firm has a market cap of C$12.29 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63.

Wall Street Analyst Weigh In

Several research firms have recently commented on QBR.B. Canadian Imperial Bank of Commerce increased their target price on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. Canaccord Genuity Group downgraded shares of Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the company from C$50.00 to C$51.25 in a research note on Tuesday, January 13th. TD Securities boosted their target price on shares of Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Scotiabank cut their target price on shares of Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. set a C$56.00 price target on Quebecor and gave the stock an “overweight” rating in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$52.72.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.