Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$65.04.

QBR.B has been the topic of a number of analyst reports. Desjardins boosted their price objective on shares of Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Scotia boosted their price objective on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. TD boosted their price objective on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research report on Monday. Finally, Canaccord Genuity Group boosted their price objective on shares of Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, May 15th.

Quebecor Trading Down 0.2%

Shares of QBR.B opened at C$67.69 on Wednesday. The company’s fifty day moving average is C$63.68 and its 200 day moving average is C$57.37. Quebecor has a fifty-two week low of C$36.68 and a fifty-two week high of C$70.19. The stock has a market capitalization of C$15.25 billion, a PE ratio of 17.63, a P/E/G ratio of 1.43 and a beta of 0.64. 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 announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share 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$1.40 billion for the quarter.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.