Quebecor (TSE:QBR.B) Sets New 52-Week High – Here’s What Happened

Shares of Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high on Thursday . The stock traded as high as C$61.04 and last traded at C$61.04, with a volume of 604034 shares changing hands. The stock had previously closed at C$57.58.

Quebecor News Summary

Here are the key news stories impacting Quebecor this week:

• Positive Sentiment: Several brokers lifted their price targets after Quebecor’s Q1 results, with Canaccord Genuity, ATB Cormark, Desjardins, National Bank Financial, TD, and BMO all raising targets and, in most cases, keeping bullish ratings such as buy or outperform. Analyst ratings update
• Neutral Sentiment: Scotia and Royal Bank of Canada also raised their price targets, but both maintained more cautious sector perform ratings, suggesting some analysts see limited near-term upside even after the latest financial results. Analyst ratings update
• Positive Sentiment: The optimism follows Quebecor’s first-quarter 2026 earnings, which showed higher profit, EPS of C$0.97, and revenue of C$1.40 billion, with management benefiting from growth in average revenue per user. Q1 earnings coverage
• Neutral Sentiment: The company also amended its normal course issuer bid, a routine capital-management move that is not likely to be the main driver of the stock today. NCIB amendment

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets upped their price objective on Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research note 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 note on Friday. Desjardins upped their price objective on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity Group upped their price objective on Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research note on Friday. Finally, 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 note on Friday. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.71.

Quebecor Stock Up 5.3%

The firm has a market capitalization of C$14.76 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.43 and a beta of 0.75. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a fifty day moving average price of C$57.78 and a 200 day moving average price of C$53.36.

Quebecor (TSE:QBR.B) last announced its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The business 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%.

About Quebecor

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.