Quebecor (TSE:QBR.B) Price Target Raised to C$63.00

Quebecor (TSE:QBR.B) had its target price upped by research analysts at ATB Cormark Capital Markets from C$57.00 to C$63.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target points to a potential upside of 11.37% from the company’s current price.

A number of other research firms have also issued reports on QBR.B. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and boosted their target price for the company from C$50.00 to C$51.25 in a research note on Tuesday, January 13th. Scotiabank boosted their price objective on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research report on Friday. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$58.00 to C$60.00 in a report on Friday. JPMorgan Chase & Co. set a C$56.00 target price on Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets boosted their price target on Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$58.08.

Quebecor Stock Up 5.1%

TSE QBR.B traded up C$2.77 during trading hours on Friday, reaching C$56.57. 1,554,196 shares of the company traded hands, compared to its average volume of 755,688. The stock has a market capitalization of C$12.92 billion, a PE ratio of 15.94, a PEG ratio of 1.43 and a beta of 0.63. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. Quebecor has a 12 month low of C$32.57 and a 12 month high of C$57.77. The company has a 50 day moving average of C$51.26 and a two-hundred day moving average of C$47.61.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share 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$1.55 billion during the quarter.

About Quebecor

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.