Quebecor (TSE:QBR.B) Price Target Raised to C$74.00 at National Bank Financial

Quebecor (TSE:QBR.B) had its price target hoisted by stock analysts at National Bank Financial from C$67.00 to C$74.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 10.14% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada boosted their price target on Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Canaccord Genuity Group lifted their price target on shares of Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a report on Friday, May 15th. TD upped their price objective on shares of Quebecor from C$63.00 to C$69.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price objective on shares of Quebecor from C$61.00 to C$66.00 in a research note on Tuesday, April 7th. Finally, Scotia raised their target price on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.29.

Quebecor Price Performance

Shares of Quebecor stock traded up C$0.45 on Tuesday, reaching C$67.19. 220,921 shares of the stock were exchanged, compared to its average volume of 956,576. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a market cap of C$15.14 billion, a PE ratio of 17.50, a P/E/G ratio of 1.43 and a beta of 0.64. The firm’s 50 day moving average is C$62.27 and its 200-day moving average is C$56.68. Quebecor has a one year low of C$36.68 and a one year high of C$70.19.

Quebecor (TSE:QBR.B) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS 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.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.