Quebecor (TSE:QBR.A) Hits New 1-Year High – Should You Buy?

Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high on Wednesday . The stock traded as high as C$50.95 and last traded at C$50.28, with a volume of 2606 shares trading hands. The stock had previously closed at C$48.84.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price objective on Quebecor from C$40.50 to C$43.25 and gave the stock a “sector perform” rating in a report on Monday, September 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$43.25.

Quebecor Stock Performance

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 moving average of C$44.14 and a 200-day moving average of C$41.55. The company has a market capitalization of C$11.65 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.44 and a beta of 0.54.

About Quebecor

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.