Quebecor (TSE:QBR.A) Given New C$74.00 Price Target at Desjardins

Quebecor (TSE:QBR.A) had its target price dropped by stock analysts at Desjardins from C$76.00 to C$74.00 in a report released on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 14.39% from the stock’s previous close.

Separately, Raymond James Financial set a C$72.00 price objective on shares of Quebecor and gave the company a “market perform” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$71.67.

Quebecor Price Performance

Quebecor stock traded down C$0.31 during trading hours on Wednesday, reaching C$64.69. 130 shares of the stock were exchanged, compared to its average volume of 1,100. 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 twelve month low of C$43.18 and a twelve month high of C$71.89. The company has a market cap of C$14.46 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62. The stock has a 50 day moving average of C$64.36 and a two-hundred day moving average of C$63.68.

Quebecor (TSE:QBR.A) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.07 earnings per share for the quarter. The company had revenue of C$1.44 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. Equities analysts expect that Quebecor will post 3.4726027 EPS for the current fiscal year.

Quebecor Company Profile

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.