Quebecor (TSE:QBR.B) Reaches New 1-Year High – Should You Buy?

Shares of Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during trading on Monday . The stock traded as high as C$54.21 and last traded at C$54.08, with a volume of 34623 shares. The stock had previously closed at C$53.49.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. TD Securities boosted their price objective on shares of Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a research report on Friday, November 7th. BMO Capital Markets increased their price objective on Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. Scotiabank decreased their price objective on Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. National Bank Financial lowered Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price for the company. in a report on Wednesday, November 19th. Finally, Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and raised their price target for the company from C$50.00 to C$51.25 in a report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$52.72.

Quebecor Trading Up 1.6%

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 stock has a market cap of C$12.42 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63. The stock has a 50-day moving average of C$51.02 and a 200 day moving average of C$47.27.

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.