Quebecor (TSE:QBR.B) Hits New 1-Year High – What’s Next?

Quebecor, Inc. (TSE:QBR.B)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$67.13 and last traded at C$65.61, with a volume of 1291551 shares. The stock had previously closed at C$65.36.

Analysts Set New Price Targets

A number of brokerages have commented on QBR.B. National Bank Financial boosted their target price on shares of Quebecor from C$59.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Desjardins boosted their target price on shares of Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a report on Friday, May 15th. TD Securities downgraded shares of Quebecor from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$58.00 to C$60.00 in a report on Friday, February 27th. Royal Bank Of Canada boosted their target price on shares of Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of 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. According to MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and an average price target of C$63.71.

Quebecor Trading Up 0.4%

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 stock has a market cap of C$14.82 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 1.43 and a beta of 0.75. The company’s fifty day moving average price is C$58.05 and its 200-day moving average price is C$53.72.

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

Quebecor Company Profile

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.