Canaccord Genuity Group Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective raised by Canaccord Genuity Group from C$60.00 to C$68.00 in a report published on Friday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

QBR.B has been the subject of several other reports. ATB Cormark Capital Markets lifted their price target on Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday. Scotiabank lifted their price target on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research report on Friday, February 27th. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and lifted their price target for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their price target on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Finally, National Bank Financial lifted their price target on Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$63.71.

Quebecor Trading Up 5.3%

Quebecor stock opened at C$65.36 on Friday. 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 52 week low of C$36.68 and a 52 week high of C$65.44. The company has a market capitalization of C$14.76 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. The stock has a 50-day moving average price of C$57.78 and a 200 day moving average price of C$53.36.

Quebecor (TSE:QBR.B) last released its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The firm had revenue of C$1.40 billion during the quarter.

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

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.