Quebecor (TSE:QBR.B) Price Target Raised to C$78.00

Quebecor (TSE:QBR.B) had its target price hoisted by equities researchers at TD from C$69.00 to C$78.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target points to a potential upside of 16.52% from the stock’s previous close.

Several other research firms have also issued reports on QBR.B. BMO Capital Markets boosted their price target on shares of Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada raised their price objective on shares of Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Scotia boosted their target price on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their target price on shares of Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, National Bank Financial raised their price target on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$65.04.

Quebecor Stock Performance

QBR.B traded up C$0.66 during trading hours on Monday, hitting C$66.94. The stock had a trading volume of 229,031 shares, compared to its average volume of 951,942. The company’s fifty day simple moving average is C$63.24 and its 200 day simple moving average is C$57.12. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$70.19. The stock has a market cap of C$15.08 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.43 and a beta of 0.64. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.40 billion for 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.