Analysts Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$65.04

Shares of Quebecor, Inc. (TSE:QBR.B) have received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$65.79.

A number of research firms have recently weighed in on QBR.B. National Bank Financial lifted their price objective on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada upped their price target on shares of Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. TD raised their price objective on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Canaccord Genuity Group lifted their target price on shares of Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th.

Quebecor Price Performance

Shares of QBR.B opened at C$68.34 on Wednesday. The firm has a fifty day simple moving average of C$64.92 and a two-hundred day simple moving average of C$57.96. Quebecor has a 1-year low of C$36.68 and a 1-year high of C$70.75. 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$15.40 billion, a PE ratio of 17.80, a P/E/G ratio of 1.43 and a beta of 0.68.

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

Quebecor Company Profile

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.