Quebecor (TSE:QBR.A) Sets New 52-Week High – Still a Buy?

Quebecor, Inc. (TSE:QBR.A) shares reached a new 52-week high on Friday. The company traded as high as C$76.14 and last traded at C$76.14, with a volume of 151 shares. The stock had previously closed at C$70.94.

Wall Street Analysts Forecast Growth

QBR.A has been the topic of several recent research reports. Raymond James Financial set a C$72.00 target price on shares of Quebecor and gave the company a “market perform” rating in a research report on Thursday, July 16th. Desjardins dropped their price target on shares of Quebecor from C$76.00 to C$74.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, National Bank Financial cut their price target on shares of Quebecor from C$74.00 to C$71.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$71.50.

Quebecor Trading Up 8.3%

The business’s fifty day simple moving average is C$64.28 and its 200 day simple moving average is C$61.88. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a market cap of C$17.17 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67.

Quebecor (TSE:QBR.A) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$1.32 EPS for the quarter. The firm had revenue of C$1.45 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%. As a group, analysts expect that Quebecor, Inc. will post 3.47 EPS for the current year.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.