Quebecor (TSE:QBR.B) Hits New 12-Month High – What’s Next?

Shares of Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high during trading on Monday . The company traded as high as C$60.36 and last traded at C$60.26, with a volume of 372220 shares trading hands. The stock had previously closed at C$58.71.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Securities downgraded Quebecor from a “buy” rating to a “hold” rating and raised their target price for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. BMO Capital Markets upped their price objective on Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price target on Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. National Bank Financial boosted their target price on Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Canaccord Genuity Group raised shares of Quebecor from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$51.25 to C$60.00 in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$58.95.

Quebecor Stock Performance

The company has a market cap of C$13.61 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87. The stock’s 50-day moving average price is C$53.48 and its 200 day moving average price is C$49.70. 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 (TSE:QBR.B) last released its earnings results on Thursday, February 26th. The company reported C$0.99 EPS for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.55 billion during the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.