Royal Bank Of Canada Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price objective boosted by equities researchers at Royal Bank Of Canada from C$60.00 to C$64.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 0.99% from the stock’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets lifted their target price on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday. Scotia lifted their price target on Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday. National Bank Financial lifted their price target on Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity Group upgraded Quebecor from a “hold” rating to a “buy” rating and lifted their price target for the company from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Finally, ATB Cormark Capital Markets lifted their price target on Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$63.71.

Quebecor Stock Performance

QBR.B traded up C$2.57 during trading hours on Friday, hitting C$64.64. The stock had a trading volume of 495,269 shares, compared to its average volume of 954,894. The company’s fifty day simple moving average is C$57.66 and its 200 day simple moving average is C$53.28. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$64.93. The stock has a market cap of C$14.60 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. 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 posted 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 return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.