Desjardins Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target boosted by Desjardins from C$61.00 to C$66.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 2.10% from the company’s current price.

A number of other analysts have also recently weighed in on QBR.B. BMO Capital Markets boosted their price objective on shares of Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. TD Securities cut shares of Quebecor from a “buy” rating to a “hold” rating and upped their target price for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. Canaccord Genuity Group upgraded shares of Quebecor from a “hold” rating to a “buy” rating and upped their target price for the company from C$51.25 to C$60.00 in a research note on Monday, March 2nd. National Bank Financial upped their target price on shares of Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a research note on Friday. Finally, ATB Cormark Capital Markets upped their target price on shares of Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$63.71.

Quebecor Stock Performance

Shares of Quebecor stock traded up C$2.57 on Friday, reaching C$64.64. The stock had a trading volume of 495,269 shares, compared to its average volume of 954,894. The business’s 50-day moving average price is C$57.66 and its two-hundred day moving average price is C$53.28. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a fifty-two week low of C$36.68 and a fifty-two week high of C$64.93. The stock has a market cap of C$14.60 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75.

Quebecor (TSE:QBR.B) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The business had revenue of C$1.40 billion during 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.