Royal Bank Of Canada Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective increased by Royal Bank Of Canada from C$52.00 to C$57.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 0.76% from the stock’s current price.

A number of other research firms have also issued reports on QBR.B. Canadian Imperial Bank of Commerce boosted their price objective on Quebecor from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial lifted their target price on Quebecor from C$54.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday. Canaccord Genuity Group downgraded shares of 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 report on Tuesday, January 13th. Scotiabank raised their price objective on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research report on Friday. Finally, ATB Cormark Capital Markets upped their target price on Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$58.08.

Quebecor Stock Performance

Shares of QBR.B stock traded up C$2.77 during trading on Friday, reaching C$56.57. 1,554,196 shares of the company’s stock traded hands, compared to its average volume of 755,688. The firm’s 50-day moving average is C$51.26 and its 200 day moving average is C$47.61. The company has a market capitalization of C$12.92 billion, a P/E ratio of 15.94, a PEG ratio of 1.43 and a beta of 0.63. Quebecor has a 1 year low of C$32.57 and a 1 year high of C$57.77. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The business had revenue of C$1.55 billion during the quarter.

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.