Quebecor (TSE:QBR.B) Trading 2.1% Higher – Still a Buy?

Quebecor, Inc. (TSE:QBR.B)’s share price traded up 2.1% during trading on Friday . The company traded as high as C$63.70 and last traded at C$63.38. 50,394 shares were traded during trading, a decline of 95% from the average session volume of 949,974 shares. The stock had previously closed at C$62.07.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. ATB Cormark Capital Markets upped their price objective on Quebecor from C$57.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce upped their price objective on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on Quebecor from C$57.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and upped their price objective for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, Canaccord Genuity Group upgraded Quebecor from a “hold” rating to a “buy” rating and upped their price objective for the company from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$60.23.

Quebecor Stock Performance

The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The business has a 50-day simple moving average of C$57.66 and a 200 day simple moving average of C$53.28. The firm has a market cap of C$14.55 billion, a PE ratio of 18.15, a PEG ratio of 1.43 and a beta of 0.75.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.40 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

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.