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

Shares of Quebecor, Inc. (TSE:QBR.B) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$58.95.

Several equities analysts have weighed in on QBR.B shares. Canaccord Genuity Group raised Quebecor from a “hold” rating to a “buy” rating and lifted their target price for the company from C$51.25 to C$60.00 in a research report on Monday, March 2nd. National Bank Financial lifted their price objective on shares of Quebecor from C$54.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. ATB Cormark Capital Markets upped their target price on shares of Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Scotiabank increased their target price 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. Finally, BMO Capital Markets raised their price target on shares of Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 27th.

Quebecor Stock Up 0.5%

TSE:QBR.B opened at C$59.63 on Monday. Quebecor has a 52 week low of C$34.36 and a 52 week high of C$60.73. The stock’s fifty day moving average is C$54.49 and its two-hundred day moving average is C$50.17. The stock has a market capitalization of C$13.52 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. 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 (TSE:QBR.B) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 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$1.55 billion for the quarter.

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.