Quebecor (TSE:QBR.A) Sets New 1-Year High – Here’s What Happened

Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high during trading on Friday. The company traded as high as C$76.14 and last traded at C$76.14, with a volume of 151 shares trading hands. The stock had previously closed at C$70.94.

Analysts Set New Price Targets

QBR.A has been the topic of several research reports. Raymond James Financial set a C$72.00 price target on shares of Quebecor and gave the stock a “market perform” rating in a research report on Thursday, July 16th. National Bank Financial reduced their price objective on shares of Quebecor from C$74.00 to C$71.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Finally, Desjardins lowered their price objective on shares of Quebecor from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Quebecor has an average rating of “Moderate Buy” and a consensus target price of C$71.50.

Quebecor Trading Up 8.3%

The stock has a market cap of C$17.17 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.44 and a beta of 0.67. 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 has a 50-day moving average of C$64.28 and a 200-day moving average of C$61.88.

Quebecor (TSE:QBR.A) last released its quarterly earnings data on Thursday, November 5th. The company reported C$1.32 earnings per share (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$1.45 billion during the quarter. As a group, research analysts forecast that Quebecor, Inc. will post 3.47 earnings per share for the current 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.