Quebecor (TSE:QBR.B) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Quebecor (TSE:QBR.B) had its price target upped by analysts at ATB Cormark Capital Markets from C$57.00 to C$63.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 11.37% from the stock’s previous close.

QBR.B has been the subject of several other reports. Canadian Imperial Bank of Commerce upped their price objective on shares of Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group downgraded Quebecor from a “buy” rating to a “hold” rating and increased their target price for the company from C$50.00 to C$51.25 in a research note on Tuesday, January 13th. National Bank Financial raised their price target on shares of Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$58.00 to C$60.00 in a report on Friday. Finally, Scotiabank upped their target price on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Quebecor has an average rating of “Moderate Buy” and a consensus target price of C$58.08.

Quebecor Stock Up 5.1%

Shares of Quebecor stock traded up C$2.77 during trading on Friday, hitting C$56.57. 1,554,196 shares of the stock traded hands, compared to its average volume of 755,688. The stock has a market cap of C$12.92 billion, a P/E ratio of 15.94, a PEG ratio of 1.43 and a beta of 0.63. The company has a fifty day moving average price of C$51.26 and a two-hundred day moving average price of C$47.61. Quebecor has a twelve month low of C$32.57 and a twelve month high of C$57.77. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

Quebecor (TSE:QBR.B) last posted its earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The company had revenue of C$1.55 billion for the quarter.

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.