Quebecor (TSE:QBR.B) Price Target Raised to C$57.00

Quebecor (TSE:QBR.B) had its price objective lifted by CIBC from C$54.00 to C$57.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 13.25% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. set a C$56.00 price objective on shares of Quebecor and gave the company an “overweight” rating in a research report on Monday, November 10th. Desjardins raised their target price on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Scotiabank boosted their target price on shares of Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Finally, BMO Capital Markets increased their price target on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and an average target price of C$50.19.

Quebecor Stock Down 1.4%

Shares of TSE:QBR.B traded down C$0.72 during midday trading on Tuesday, reaching C$50.33. The company’s stock had a trading volume of 162,729 shares, compared to its average volume of 977,534. The firm has a 50 day moving average of C$47.40 and a 200-day moving average of C$43.06. The firm has a market capitalization of C$11.50 billion, a P/E ratio of 14.18, a PEG ratio of 1.43 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a 12-month low of C$30.02 and a 12-month high of C$53.32.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$1.05 earnings per share for the quarter. The company had revenue of C$1.41 billion during 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.