Quebecor (TSE:QBR.B) Hits New 12-Month High – Here’s Why

Quebecor, Inc. (TSE:QBR.B) shares reached a new 52-week high on Thursday . The company traded as high as C$60.24 and last traded at C$59.09, with a volume of 170535 shares traded. The stock had previously closed at C$59.65.

Analysts Set New Price Targets

Several research firms have recently issued reports on QBR.B. Canadian Imperial Bank of Commerce raised their price target on shares of Quebecor from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Desjardins raised their target price on Quebecor from C$54.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. National Bank Financial lifted their target price on Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and upped their price target for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, Scotiabank increased their price target on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and an average target price of C$58.95.

Quebecor Stock Up 0.2%

The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The stock’s 50-day simple moving average is C$52.79 and its 200 day simple moving average is C$49.01. The firm has a market cap of C$13.34 billion, a P/E ratio of 16.58, a PEG ratio of 1.43 and a beta of 0.87.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. The firm had revenue of C$1.55 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

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.