Quebecor (TSE:QBR.B) Hits New 52-Week High Following Analyst Upgrade

Quebecor, Inc. (TSE:QBR.B)’s share price hit a new 52-week high during trading on Tuesday after TD Securities raised their price target on the stock from C$44.00 to C$46.00. TD Securities currently has a buy rating on the stock. Quebecor traded as high as C$41.52 and last traded at C$41.45, with a volume of 575977 shares changing hands. The stock had previously closed at C$40.88.

A number of other research firms also recently commented on QBR.B. National Bankshares boosted their target price on Quebecor from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Friday, June 6th. Royal Bank Of Canada boosted their target price on Quebecor from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. Finally, Scotiabank boosted their target price on Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 16th.

Quebecor Stock Up 0.8%

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 company has a market capitalization of C$6.57 billion, a PE ratio of 13.13, a P/E/G ratio of 1.43 and a beta of 0.39. The business has a 50-day moving average of C$38.41 and a 200 day moving average of C$35.12.

About Quebecor

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.