Quebecor, Inc. (TSE:QBR.B) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$69.71.

Several research firms recently weighed in on QBR.B. BMO Capital Markets increased their price objective on shares of Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Scotia lifted their price objective on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Canaccord Genuity Group cut Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock. in a report on Friday, July 10th. Canadian Imperial Bank of Commerce upped their price target on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Finally, Scotiabank increased their price objective on Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$64.05 on Thursday. The company has a market capitalization of C$14.31 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.43 and a beta of 0.69. Quebecor has a twelve month low of C$40.04 and a twelve month high of C$70.75. The business has a 50 day simple moving average of C$66.79 and a 200-day simple moving average of C$61.35. 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 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. 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.