Quebecor (TSE:QBR.B) Price Target Raised to C$54.00

Quebecor (TSE:QBR.B) had its target price raised by research analysts at CIBC from C$49.00 to C$54.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 13.88% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$40.00 to C$47.00 in a research report on Thursday, September 4th. Scotiabank upped their price target on shares of Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th. TD Securities increased their price target on Quebecor from C$46.00 to C$49.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Desjardins boosted their price objective on Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Canaccord Genuity Group increased their target price on Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy” and an average price target of C$47.22.

Quebecor Price Performance

TSE:QBR.B traded up C$0.83 during trading hours on Friday, hitting C$47.42. The company’s stock had a trading volume of 1,199,351 shares, compared to its average volume of 970,601. The stock has a fifty day simple moving average of C$43.66 and a 200-day simple moving average of C$40.83. The company has a market capitalization of C$10.88 billion, a P/E ratio of 14.20, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a twelve month low of C$30.02 and a twelve month high of C$48.25.

Quebecor Company Profile

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.