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

Quebecor, Inc. (TSE:QBR.B) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$63.71.

Several research analysts have recently weighed in on QBR.B shares. Scotiabank increased their price objective on shares of Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a report on Friday, February 27th. National Bank Financial increased their price target on shares of Quebecor from C$59.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD increased their price target on shares of Quebecor from C$63.00 to C$69.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Canaccord Genuity Group increased their price target on shares of Quebecor from C$60.00 to C$68.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets increased their price target on shares of Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th.

Quebecor Stock Performance

Quebecor stock opened at C$68.00 on Friday. The stock has a market cap of C$15.32 billion, a PE ratio of 19.15, a P/E/G ratio of 1.43 and a beta of 0.64. The stock has a 50-day moving average price of C$60.13 and a 200 day moving average price of C$55.44. Quebecor has a 52 week low of C$36.68 and a 52 week high of C$70.19. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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