Quebecor (TSE:QBR.B) Sets New 12-Month High – Time to Buy?

Shares of Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high on Tuesday . The stock traded as high as C$67.14 and last traded at C$67.14, with a volume of 26990 shares trading hands. The stock had previously closed at C$66.35.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BMO Capital Markets boosted their price objective on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD boosted their price objective on Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Scotia upped their target price on Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. TD Securities downgraded Quebecor from a “buy” rating to a “hold” rating and upped their target price for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce upped their target price on Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.71.

Quebecor Stock Performance

The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The company has a market cap of C$15.11 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.43 and a beta of 0.75. The business has a fifty day moving average of C$58.89 and a 200 day moving average of C$54.60.

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

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.