Quebecor (TSE:QBR.B) Releases Earnings Results

Quebecor (TSE:QBR.B) announced its earnings results on Thursday. The company reported C$0.99 earnings per share for the quarter, FiscalAI reports. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.55 billion during the quarter.

Quebecor Stock Up 0.6%

Shares of TSE QBR.B traded up C$0.34 during mid-day trading on Thursday, reaching C$55.46. 394,828 shares of the company’s stock traded hands, compared to its average volume of 715,516. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The business has a 50-day simple moving average of C$51.20 and a 200 day simple moving average of C$47.56. The stock has a market cap of C$12.67 billion, a P/E ratio of 15.62, a PEG ratio of 1.43 and a beta of 0.63. Quebecor has a 1-year low of C$32.21 and a 1-year high of C$56.86.

Analyst Upgrades and Downgrades

QBR.B has been the topic of several research reports. TD Securities upped their price target on Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Scotiabank lowered their price target on shares of Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$50.00 to C$51.25 in a report on Tuesday, January 13th. Desjardins increased their price target on Quebecor from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.72.

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. 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.