National Bank Financial Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target upped by equities research analysts at National Bank Financial from C$59.00 to C$67.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 3.65% from the company’s previous close.

QBR.B has been the topic of several other reports. Canadian Imperial Bank of Commerce upped their price target on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. TD upped their price target on shares of Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a report on Friday. Scotiabank upped their price target on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a report on Friday, February 27th. Desjardins set a C$61.00 price objective on shares of Quebecor and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Canaccord Genuity Group upgraded shares of Quebecor from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Stock Performance

TSE:QBR.B traded up C$2.57 during mid-day trading on Friday, hitting C$64.64. The company’s stock had a trading volume of 495,269 shares, compared to its average volume of 954,894. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$64.93. 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 stock has a market cap of C$14.60 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.43 and a beta of 0.75. The business’s fifty day moving average is C$57.66 and its two-hundred day moving average is C$53.28.

Quebecor (TSE:QBR.B) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.40 billion for 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.