Quebecor, Inc. (TSE:QBR.B) Stock Has Average Target Price of C$70.12 According to Brokerages

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$70.12.

QBR.B has been the topic of several research reports. ATB Cormark Capital Markets lifted their price target on Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Scotiabank upped their price target on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research note on Tuesday, July 7th. Scotia increased their price objective on Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. National Bank Financial increased their price objective on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce raised their price objective on Quebecor from C$67.00 to C$78.00 in a research report on Friday, July 10th.

Quebecor Stock Performance

Quebecor stock opened at C$64.14 on Friday. The stock’s 50 day simple moving average is C$63.49 and its two-hundred day simple moving average is C$63.40. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market cap of C$14.33 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.43 and a beta of 0.56. Quebecor has a fifty-two week low of C$41.56 and a fifty-two week high of C$70.75.

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.