Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Quebecor, Inc. (TSE:QBR.B) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$70.12.

A number of research firms have recently issued reports on QBR.B. National Bank Financial increased their target price 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. Desjardins boosted their target price on shares of Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Scotiabank upped their target price on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$72.00 to C$75.00 in a report on Tuesday. Finally, ATB Cormark Capital Markets boosted 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.

Quebecor Trading Up 1.2%

Shares of QBR.B stock opened at C$64.44 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The stock has a market cap of C$14.40 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The firm’s 50 day moving average price is C$64.57 and its two-hundred day moving average price is C$62.89. Quebecor has a fifty-two week low of C$41.56 and a fifty-two week high of C$70.75.

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.