Analysts Set Quebecor, Inc. (TSE:QBR.B) Price Target at C$52.72

Quebecor, Inc. (TSE:QBR.B) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$52.72.

A number of research firms have issued reports on QBR.B. Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$50.00 to C$51.25 in a research report on Tuesday, January 13th. CIBC boosted their price target on Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. BMO Capital Markets increased their price objective on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. Desjardins lifted their price objective on Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Scotiabank decreased their target price on Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating for the company in a report on Tuesday, January 20th.

Quebecor Price Performance

Shares of Quebecor stock opened at C$51.30 on Friday. 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 one year low of C$31.87 and a one year high of C$53.32. The business’s 50 day simple moving average is C$50.84 and its two-hundred day simple moving average is C$46.19. The stock has a market capitalization of C$11.72 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.41 billion for the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.