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

Quebecor (TSE:QBR.B) had its target price raised by analysts at TD Securities from C$49.00 to C$52.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 9.66% from the stock’s current price.

Several other equities research analysts have also recently issued reports on QBR.B. Royal Bank Of Canada cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Desjardins upped 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. National Bankshares boosted their target price on Quebecor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. 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 research note on Thursday, September 4th. Finally, Canaccord Genuity Group upped their target price on shares of Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Quebecor has a consensus rating of “Moderate Buy” and a consensus price target of C$47.22.

Quebecor Stock Up 1.8%

Shares of QBR.B stock traded up C$0.83 during trading hours on Friday, reaching C$47.42. 1,199,351 shares of the stock were exchanged, compared to its average volume of 970,601. The business’s fifty day moving average is C$43.66 and its two-hundred day moving average is C$40.83. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a 12-month low of C$30.02 and a 12-month high of C$48.25. The firm has a market capitalization of C$10.88 billion, a P/E ratio of 14.20, 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.