Quebecor (TSE:QBR.B) Hits New 12-Month High – Still a Buy?

Quebecor, Inc. (TSE:QBR.B)’s share price reached a new 52-week high on Friday . The company traded as high as C$36.25 and last traded at C$36.14, with a volume of 57262 shares. The stock had previously closed at C$35.69.

Analyst Upgrades and Downgrades

QBR.B has been the subject of several research reports. National Bankshares decreased their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. CIBC reduced their price target on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Scotiabank lowered their price objective on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. TD Securities boosted their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$38.33.

Quebecor Stock Up 1.6 %

The company’s fifty day simple moving average is C$32.17 and its 200-day simple moving average is C$33.07. The firm has a market capitalization of C$5.72 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

Quebecor Company Profile

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.