Quebecor, Inc. (TSE:QBR.B) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$70.12.

Several research analysts have recently issued reports on QBR.B shares. Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price for the company. in a report on Friday, July 10th. Canadian Imperial Bank of Commerce upped their price objective on shares of Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Desjardins raised their price objective on Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a report on Friday, August 7th. National Bank Financial lifted their target price on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada boosted their target price on Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a report on Friday, August 7th.

Quebecor Stock Performance

Shares of Quebecor stock opened at C$64.65 on Friday. 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 firm’s 50 day moving average is C$63.58 and its two-hundred day moving average is C$63.34. The firm has a market capitalization of C$14.45 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.43 and a beta of 0.56.

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.