Quebecor, Inc. (TSE:QBR.B) Given Average Rating of “Moderate Buy” by Analysts

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$60.23.

A number of equities analysts recently issued reports on the company. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$58.00 to C$60.00 in a report on Friday, February 27th. Desjardins set a C$61.00 price objective on Quebecor and gave the stock a “buy” rating in a report on Tuesday, April 7th. National Bank Financial raised Quebecor from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$57.00 to C$59.00 in a report on Monday, April 13th. TD raised Quebecor from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$60.00 to C$63.00 in a report on Thursday, April 16th. Finally, ATB Cormark Capital Markets increased their price objective on Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, February 27th.

Quebecor Stock Down 0.2%

Shares of Quebecor stock opened at C$56.71 on Tuesday. 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 firm has a market cap of C$12.81 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.43 and a beta of 0.75. Quebecor has a fifty-two week low of C$36.30 and a fifty-two week high of C$60.73. The business has a 50-day moving average price of C$57.60 and a 200 day moving average price of C$52.97.

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

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.