Quebecor, Inc. (TSE:QBR.B) Receives C$52.72 Average PT from Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Four investment 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 brokers that have updated their coverage on the stock in the last year is C$52.72.

A number of research analysts have recently issued reports on QBR.B shares. Canadian Imperial Bank of Commerce raised their price objective on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. National Bankshares lowered Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target on the stock. in a research report on Wednesday, November 19th. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Scotiabank cut their target price on shares of Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, BMO Capital Markets upped their price target on shares of Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th.

Quebecor Stock Performance

TSE:QBR.B opened at C$51.19 on Friday. The business has a 50 day moving average of C$50.81 and a 200 day moving average of C$46.32. The company has a market capitalization of C$11.70 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.43 and a beta of 0.63. Quebecor has a 1-year low of C$31.90 and a 1-year high of C$53.32. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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

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. 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.