Quebecor (TSE:QBR.B) Price Target Raised to C$80.00

Quebecor (TSE:QBR.B) had its price target upped by analysts at TD from C$78.00 to C$80.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 17.28% from the stock’s current price.

A number of other analysts also recently commented on the company. Scotiabank upped their target price 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. BMO Capital Markets lifted their price target on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. National Bank Financial boosted their price target on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce upped their price objective on Quebecor from C$67.00 to C$78.00 in a research report on Friday, July 10th. Finally, Scotia raised 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 note on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$69.71.

Quebecor Stock Performance

Shares of Quebecor stock traded up C$0.99 during trading on Friday, hitting C$68.21. 443,353 shares of the company’s stock were exchanged, compared to its average volume of 943,816. The stock has a market capitalization of C$15.37 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.43 and a beta of 0.69. The business has a 50-day simple moving average of C$67.21 and a 200-day simple moving average of C$60.31. Quebecor has a 52-week low of C$36.94 and a 52-week high of C$70.75. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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

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.