Quebecor (TSE:QBR.B) Hits New 12-Month High – Here’s What Happened

Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$71.12 and last traded at C$71.11, with a volume of 681,722 shares traded. The stock had previously closed at C$68.68.

Analyst Ratings Changes

Several research analysts have commented on QBR.B shares. Canadian Imperial Bank of Commerce raised their price objective on Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. ATB Cormark Capital Markets raised their price objective on Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating and raised their price target for the stock from C$72.00 to C$75.00 in a report on Tuesday, September 15th. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price target on the stock. in a report on Friday, July 10th. Finally, Desjardins boosted their target price on shares of Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$70.12.

Quebecor Stock Performance

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 company has a market capitalization of C$17.22 billion, a PE ratio of 18.89, a P/E/G ratio of 1.43 and a beta of 0.56. The stock’s 50-day simple moving average is C$64.22 and its 200 day simple moving average is C$61.57.

About Quebecor

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.