Quebecor (TSE:QBR.B) Hits New 12-Month High – Here’s Why

Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$70.47 and last traded at C$70.47, with a volume of 14547 shares changing hands. The stock had previously closed at C$68.83.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QBR.B shares. Desjardins increased their price objective on shares of Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price target on Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. ATB Cormark Capital Markets raised their price objective on Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. BMO Capital Markets boosted their price objective on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada upped their target price on Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy” and an average target price of C$65.04.

Quebecor Price Performance

The business’s 50 day moving average price is C$64.68 and its 200-day moving average price is C$57.84. 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 company has a market cap of C$15.71 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68.

Quebecor (TSE:QBR.B) last announced its earnings results 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 during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

About Quebecor

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.