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

Shares of Quebecor, Inc. (TSE:QBR.B) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$71.29.

Several brokerages have recently weighed in on QBR.B. Scotia lifted 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 report on Friday, August 7th. TD increased their price target on shares of Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Desjardins raised their price objective on shares of Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets lifted their price objective on Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada upped their price objective on Quebecor from C$70.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th.

Quebecor Stock Performance

TSE:QBR.B opened at C$76.84 on Tuesday. 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$17.15 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. The firm’s fifty day moving average price is C$64.84 and its 200 day moving average price is C$61.85. Quebecor has a 1-year low of C$47.62 and a 1-year high of C$77.31.

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.