Quebecor (TSE:QBR.B) Price Target Raised to C$66.00

Quebecor (TSE:QBR.B) had its target price lifted by analysts at Canadian Imperial Bank of Commerce from C$61.00 to C$66.00 in a report issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 14.17% from the company’s previous close.

QBR.B has been the subject of a number of other research reports. Scotiabank raised their target price on shares of Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. TD Securities cut shares of Quebecor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$58.00 to C$60.00 in a research note on Friday, February 27th. Desjardins lifted their price objective on shares of Quebecor from C$54.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Canaccord Genuity Group upgraded shares of Quebecor from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$51.25 to C$60.00 in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Quebecor from C$52.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy” and a consensus target price of C$59.45.

Quebecor Stock Performance

Shares of TSE QBR.B traded down C$0.20 during mid-day trading on Tuesday, reaching C$57.81. 405,281 shares of the company were exchanged, compared to its average volume of 923,807. The company’s 50-day simple moving average is C$55.61 and its 200-day simple moving average is C$50.91. 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 has a market capitalization of C$13.11 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.43 and a beta of 0.68. Quebecor has a twelve month low of C$34.36 and a twelve month high of C$60.73.

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

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.