Quebecor, Inc. (TSE:QBR.B) Receives C$46.22 Average Target Price from Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$46.22.

QBR.B has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$40.00 to C$47.00 in a report on Thursday, September 4th. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. CIBC increased their target price on Quebecor from C$46.00 to C$49.00 in a research note on Friday, October 17th. Scotiabank increased their target price on Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Finally, TD Securities increased their price objective on Quebecor from C$46.00 to C$49.00 and gave the company a “buy” rating in a research report on Monday, October 20th.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$44.42 on Friday. Quebecor has a one year low of C$30.02 and a one year high of C$45.31. The company’s 50-day moving average is C$42.95 and its 200 day moving average is C$40.26. The company has a market capitalization of C$10.19 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.54. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

About Quebecor

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.