Quebecor (TSE:QBR.B) Reaches New 1-Year High – Here’s Why

Quebecor, Inc. (TSE:QBR.B)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$40.83 and last traded at C$40.67, with a volume of 657823 shares. The stock had previously closed at C$40.65.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Scotiabank boosted their price target on Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research note on Wednesday, April 16th. National Bankshares lifted their price target on shares of Quebecor from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Friday, June 6th. TD Securities decreased their price objective on shares of Quebecor from C$45.00 to C$44.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Royal Bank Of Canada increased their price objective on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th.

Quebecor Stock Up 0.0%

The company’s 50 day moving average price is C$37.71 and its two-hundred day moving average price is C$34.80. 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 market cap of C$6.42 billion, a PE ratio of 12.83, a PEG ratio of 1.43 and a beta of 0.39.

About Quebecor

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.