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

Quebecor, Inc. (TSE:QBR.B) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$50.19.

Several brokerages recently issued reports on QBR.B. Royal Bank Of Canada downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. National Bankshares cut Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price objective on the stock. in a report on Wednesday, November 19th. Scotiabank lifted their price objective on Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. set a C$56.00 target price on Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets lifted their price target on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th.

Quebecor Stock Up 0.3%

Shares of TSE:QBR.B opened at C$50.96 on Friday. The company has a market capitalization of C$11.64 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.43 and a beta of 0.55. The stock’s fifty day simple moving average is C$48.65 and its 200-day simple moving average is C$43.79. Quebecor has a 52-week low of C$30.02 and a 52-week high of C$53.32. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B) last released its earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.41 billion for the quarter.

Quebecor Company Profile

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.