Quebecor (TSE:QBR.B) Price Target Raised to C$51.75

Quebecor (TSE:QBR.B) had its target price raised by Scotiabank from C$48.00 to C$51.75 in a research report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts have also issued reports on the company. National Bankshares lowered Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price on the stock. in a research report on Wednesday, November 19th. TD Securities lifted their price target on shares of Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. CIBC upped their price target on shares of Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. Desjardins increased their price objective on shares of Quebecor from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets boosted their target price on shares of Quebecor from C$47.00 to C$53.00 in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$52.78.

Quebecor Stock Down 1.5%

Shares of Quebecor stock opened at C$49.20 on Monday. Quebecor has a 1-year low of C$30.02 and a 1-year high of C$53.32. The company has a market capitalization of C$11.24 billion, a PE ratio of 13.86, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The business has a 50-day moving average of C$51.31 and a 200-day moving average of C$45.23.

Quebecor (TSE:QBR.B) last released its quarterly earnings results on Thursday, November 6th. The company reported C$1.05 EPS for the quarter. The business had revenue of C$1.41 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.