Quebecor (TSE:QBR.B) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Quebecor (TSE:QBR.B) from a market perform rating to an outperform rating in a research report report published on Tuesday,BayStreet reports. Raymond James Financial currently has C$75.00 target price on the stock, up from their previous target price of C$72.00.

Several other research firms have also recently issued reports on QBR.B. Canadian Imperial Bank of Commerce lifted their price objective on shares of Quebecor from C$67.00 to C$78.00 in a research report on Friday, July 10th. National Bank Financial raised their price target on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. TD lifted their price target on Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Scotiabank upped their price objective on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Finally, Scotia upped their price objective on Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$70.12.

Quebecor Stock Down 1.6%

Shares of Quebecor stock opened at C$63.69 on Tuesday. 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 has a 52-week low of C$41.56 and a 52-week high of C$70.75. The company has a market capitalization of C$14.23 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.43 and a beta of 0.61. The company has a 50 day moving average of C$64.62 and a 200 day moving average of C$62.88.

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.