ATB Cormark Capital Markets Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective boosted by ATB Cormark Capital Markets from C$69.00 to C$77.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective suggests a potential upside of 12.89% from the company’s current price.

Several other research firms have also weighed in on QBR.B. TD increased their price objective on shares of Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday. Canadian Imperial Bank of Commerce lifted their target price on Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Scotiabank upped their target price on Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Royal Bank Of Canada raised their price target on Quebecor from C$70.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Canaccord Genuity Group lowered Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price objective for the company. in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and an average price target of C$69.71.

Quebecor Stock Performance

QBR.B stock traded up C$0.99 during trading on Friday, hitting C$68.21. 443,353 shares of the company’s stock traded hands, compared to its average volume of 943,816. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a 52 week low of C$36.94 and a 52 week high of C$70.75. The stock has a fifty day moving average price of C$67.21 and a two-hundred day moving average price of C$60.31. The stock has a market capitalization of C$15.37 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.69.

Quebecor (TSE:QBR.B) last issued its 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.

Quebecor Company Profile

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.