Quebecor (TSE:QBR.B) Reaches New 1-Year High – Time to Buy?

Quebecor, Inc. (TSE:QBR.B) shares reached a new 52-week high on Tuesday. The company traded as high as C$77.50 and last traded at C$77.49, with a volume of 8,676 shares traded. The stock had previously closed at C$76.84.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD increased their price objective on shares of Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$72.00 to C$75.00 in a research note on Tuesday, September 15th. Scotia lifted their target price on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Desjardins upped their target price on shares of Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price target on Quebecor from C$70.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$71.29.

Quebecor Trading Up 0.4%

The stock has a fifty day moving average of C$64.84 and a 200 day moving average of C$61.85. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The company has a market capitalization of C$17.21 billion, a PE ratio of 17.73, a PEG ratio of 1.43 and a beta of 0.56.

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.