Analysts Set Quebecor, Inc. (TSE:QBR.B) PT at C$67.79

Quebecor, Inc. (TSE:QBR.B) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$67.79.

A number of research analysts recently weighed in on the stock. Desjardins raised their price target on shares of Quebecor from C$66.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Scotia upped their price objective on shares of Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. BMO Capital Markets upped their price objective on shares of Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price objective for the company. in a research note on Friday, July 10th. Finally, Scotiabank lifted their target price on shares of Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th.

Quebecor Trading Down 2.1%

Shares of Quebecor stock opened at C$64.87 on Friday. The company has a market capitalization of C$14.62 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The stock has a fifty day simple moving average of C$67.37 and a 200 day simple moving average of C$59.81. Quebecor has a 12-month low of C$36.68 and a 12-month high of C$70.75. 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 issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.40 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.