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

Quebecor (TSE:QBR.B) had its price objective boosted by analysts at Scotia from C$63.50 to C$66.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price objective suggests a potential downside of 3.24% from the stock’s current price.

Several other equities research analysts have also commented on the stock. BMO Capital Markets upped their price target on shares of Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Royal Bank Of Canada boosted their price objective on Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a report on Friday. Canadian Imperial Bank of Commerce raised their target price on Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Desjardins lifted their price target on Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank upped their price objective on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$69.71.

Quebecor Stock Performance

TSE QBR.B traded up C$0.99 on Friday, hitting C$68.21. 443,353 shares of the company’s stock traded hands, compared to its average volume of 943,816. The firm’s 50-day moving average price is C$67.21 and its two-hundred day moving average price is C$60.31. The firm has a market capitalization of C$15.37 billion, a PE ratio of 17.76, a P/E/G ratio of 1.43 and a beta of 0.69. 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 1-year low of C$36.94 and a 1-year high of C$70.75.

Quebecor (TSE:QBR.B) last released 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 firm had revenue of C$1.40 billion for 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.