Quebecor (TSE:QBR.B) Stock Price Expected to Rise, TD Analyst Says

Quebecor (TSE:QBR.B) had its price objective upped by analysts at TD from C$69.00 to C$78.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 16.52% from the company’s current price.

Several other analysts have also issued reports on the stock. Desjardins upped their target price on shares of Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. National Bank Financial boosted their price target on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Scotia upped their price objective on shares of Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Canaccord Genuity Group increased their price objective 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, BMO Capital Markets lifted their target price on shares of Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quebecor has an average rating of “Moderate Buy” and an average target price of C$65.04.

Quebecor Stock Up 1.0%

Shares of Quebecor stock traded up C$0.66 on Monday, hitting C$66.94. The company had a trading volume of 229,031 shares, compared to its average volume of 951,942. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$70.19. 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 50 day moving average of C$63.24 and a 200-day moving average of C$57.12. The stock has a market capitalization of C$15.08 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.43 and a beta of 0.64.

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

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.