Quebecor (TSE:QBR.B) Price Target Raised to C$61.00

Quebecor (TSE:QBR.B) had its target price boosted by analysts at Desjardins from C$54.00 to C$61.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 7.83% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut Quebecor from a “buy” rating to a “hold” rating and increased their price target for the stock from C$50.00 to C$51.25 in a research note on Tuesday, January 13th. Canadian Imperial Bank of Commerce boosted their target price on shares of Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. BMO Capital Markets increased their target price on shares of Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. TD Securities raised their target price on shares of Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, National Bank Financial upped their price target on Quebecor from C$54.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$58.08.

Quebecor Stock Performance

Shares of TSE:QBR.B traded up C$2.77 during trading on Friday, hitting C$56.57. 1,554,196 shares of the company traded hands, compared to its average volume of 755,688. 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 business’s fifty day moving average is C$51.26 and its 200-day moving average is C$47.61. The stock has a market capitalization of C$12.92 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.43 and a beta of 0.63. Quebecor has a one year low of C$32.57 and a one year high of C$57.77.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business 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.