Quebecor (TSE:QBR.A) Reaches New 12-Month High – Still a Buy?

Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high during trading on Friday. The company traded as high as C$80.00 and last traded at C$80.00, with a volume of 733 shares. The stock had previously closed at C$77.80.

Analysts Set New Price Targets

QBR.A has been the subject of several analyst reports. Desjardins reduced their price target on Quebecor from C$76.00 to C$74.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. National Bank Financial dropped their price target on shares of Quebecor from C$74.00 to C$71.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Finally, Raymond James Financial set a C$72.00 price objective on shares of Quebecor and gave the company a “market perform” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and an average price target of C$71.50.

Quebecor Stock Up 2.8%

The company has a market cap of C$17.86 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.44 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 company’s 50-day moving average is C$65.76 and its two-hundred day moving average is C$62.57.

Quebecor (TSE:QBR.A) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$1.32 earnings per share for the quarter. The company had revenue of C$1.45 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. As a group, equities analysts predict that Quebecor, Inc. will post 3.47 earnings per share for the current fiscal year.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.