Quebecor, Inc. (TSE:QBR.B) Stock Has Consensus Price Target of C$70.12

Shares of Quebecor, Inc. (TSE:QBR.B) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$70.12.

Several brokerages have recently issued reports on QBR.B. Scotia lifted their target price on Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Canaccord Genuity Group downgraded Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock. in a research report on Friday, July 10th. Desjardins increased their price target on Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD raised their price target on Quebecor from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce raised their price target on Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th.

Quebecor Stock Up 0.7%

Shares of QBR.B stock opened at C$67.30 on Tuesday. The company’s fifty day simple moving average is C$63.68 and its two-hundred day simple moving average is C$61.23. Quebecor has a 52 week low of C$44.01 and a 52 week high of C$70.75. The stock has a market cap of C$15.04 billion, a P/E ratio of 16.50, a PEG ratio of 1.43 and a beta of 0.56. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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. 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.