Quebecor (TSE:QBR.B) Price Target Raised to C$54.00 at CIBC

Quebecor (TSE:QBR.B) had its target price increased by CIBC from C$49.00 to C$54.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other brokerages have also commented on QBR.B. Canaccord Genuity Group boosted their price target on Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Scotiabank boosted their price objective on shares of Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Desjardins increased their target price on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. BMO Capital Markets upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$40.00 to C$47.00 in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$47.22.

Quebecor Stock Up 1.8%

Shares of QBR.B stock traded up C$0.83 during trading hours on Friday, hitting C$47.42. 1,199,351 shares of the company were exchanged, compared to its average volume of 970,601. Quebecor has a 52 week low of C$30.02 and a 52 week high of C$48.25. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The business has a 50 day moving average of C$43.78 and a two-hundred day moving average of C$40.90. The company has a market capitalization of C$10.88 billion, a PE ratio of 14.20, a PEG ratio of 1.43 and a beta of 0.57.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.