Quebecor (TSE:QBR.B) Raised to Outperform at Raymond James Financial

Quebecor (TSE:QBR.B) was upgraded by equities researchers at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report released on Tuesday, BayStreet reports. The brokerage presently has a C$75.00 target price on the stock, up from their prior target price of C$72.00. Raymond James Financial’s target price would suggest a potential upside of 16.55% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their price target on shares of Quebecor from C$70.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Scotia raised their price objective 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. Scotiabank lifted their target price on shares of Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Desjardins upped their target price on shares of Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce increased their price target on Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$70.12.

Quebecor Trading Up 0.5%

Quebecor stock traded up C$0.29 during trading hours on Tuesday, reaching C$64.35. 186,328 shares of the company’s stock traded hands, compared to its average volume of 980,840. The firm has a market capitalization of C$14.38 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.43 and a beta of 0.61. 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 fifty-two week low of C$41.56 and a fifty-two week high of C$70.75. The firm’s 50 day moving average is C$64.88 and its 200-day moving average is C$62.69.

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.