Quebecor (TSE:QBR.A) Stock Gets Price Target Trim from National Bank Financial

Quebecor (TSE:QBR.A) had its price target lowered by National Bank Financial from C$74.00 to C$71.00 in a report published on Wednesday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on the company. Desjardins lowered their price objective on Quebecor from C$76.00 to C$74.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Raymond James Financial set a C$72.00 target price on shares of Quebecor and gave the stock a “market perform” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.50.

Quebecor Stock Performance

TSE QBR.A opened at C$64.88 on Wednesday. The company has a market cap of C$14.50 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62. Quebecor has a twelve month low of C$43.18 and a twelve month high of C$71.89. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The business’s fifty day moving average is C$63.55 and its 200 day moving average is C$63.89.

Quebecor (TSE:QBR.A) last issued its earnings results on Thursday, August 6th. The company reported C$1.07 earnings per share (EPS) for the quarter. The business had revenue of C$1.44 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%. As a group, sell-side analysts expect that Quebecor will post 3.47 EPS for the current fiscal year.

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. 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.