Quebecor (TSE:QBR.B) Sets New 12-Month High – What’s Next?

Shares of Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high during trading on Tuesday . The company traded as high as C$45.47 and last traded at C$45.43, with a volume of 73378 shares traded. The stock had previously closed at C$44.68.

Analysts Set New Price Targets

A number of analysts have commented on QBR.B shares. Canaccord Genuity Group raised their price objective on Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. Desjardins raised their price objective on Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. TD Securities raised their price objective on Quebecor from C$46.00 to C$49.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Scotiabank raised their price objective on Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Finally, National Bankshares raised their price objective on Quebecor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$46.22.

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 50 day moving average price of C$43.66 and a 200 day moving average price of C$40.83. The company has a market capitalization of C$10.69 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.43 and a beta of 0.57.

Quebecor Company Profile

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.