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 ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$69.71.

A number of equities research analysts recently issued reports on QBR.B shares. ATB Cormark Capital Markets upped their price objective on shares of Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce raised their price objective on shares of Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Scotia upped their target price on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Scotiabank increased their price target on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Finally, National Bank Financial lifted their price objective on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd.

Quebecor Stock Down 1.9%

Shares of Quebecor stock opened at C$64.05 on Thursday. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm has a market cap of C$14.31 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.43 and a beta of 0.69. Quebecor has a 52-week low of C$40.04 and a 52-week high of C$70.75. The stock has a 50-day simple moving average of C$66.79 and a 200-day simple moving average of C$61.35.

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.