Quebecor (TSE:QBR.B) Price Target Raised to C$68.00

Quebecor (TSE:QBR.B) had its price target boosted by equities researchers at Canaccord Genuity Group from C$60.00 to C$68.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 5.20% from the stock’s current price.

A number of other research analysts also recently issued reports on QBR.B. TD upped their price target on Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada upped their price objective on Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Friday. BMO Capital Markets upped their price objective on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and upped their price objective for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, National Bank Financial upped their price objective on Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Stock Performance

Shares of TSE:QBR.B traded up C$2.57 during midday trading on Friday, reaching C$64.64. 495,269 shares of the company’s stock traded hands, compared to its average volume of 954,894. The company has a market cap of C$14.60 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.43 and a beta of 0.75. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a one year low of C$36.68 and a one year high of C$64.93. The stock has a 50 day moving average of C$57.66 and a 200 day moving average of C$53.28.

Quebecor (TSE:QBR.B) last announced 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 return on equity of 37.44% and a net margin of 12.99%.

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.