Quebecor, Inc. (TSE:QBR.B) Receives C$42.59 Consensus Target Price from Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$42.59.

A number of brokerages recently issued reports on QBR.B. BMO Capital Markets upgraded Quebecor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$40.00 to C$47.00 in a research note on Thursday, September 4th. National Bankshares lifted their price objective on Quebecor from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. TD Securities upped their price target on Quebecor from C$44.00 to C$46.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Canaccord Genuity Group raised their price objective on Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Finally, Desjardins lowered their price objective on Quebecor from C$44.00 to C$43.00 and set a “buy” rating on the stock in a report on Friday, August 8th.

Quebecor Stock Performance

Shares of QBR.B opened at C$44.78 on Monday. Quebecor has a 12 month low of C$30.02 and a 12 month high of C$45.31. The stock has a fifty day moving average price of C$41.57 and a 200-day moving average price of C$39.48. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market cap of C$10.28 billion, a PE ratio of 13.41, a P/E/G ratio of 1.43 and a beta of 0.54.

About Quebecor

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.