Quebecor (TSE:QBR.B) Hits New 1-Year High on Analyst Upgrade

Shares of Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during trading on Monday after Royal Bank Of Canada raised their price target on the stock from C$52.00 to C$57.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Quebecor traded as high as C$57.94 and last traded at C$57.67, with a volume of 310518 shares traded. The stock had previously closed at C$56.41.

Other equities analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday. Scotiabank raised their price target on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research note on Friday. National Bank Financial lifted their price target on Quebecor from C$54.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets raised their price objective on shares of Quebecor from C$57.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.08.

Quebecor Stock Up 2.5%

The stock has a market cap of C$13.21 billion, a P/E ratio of 16.28, a P/E/G ratio of 1.43 and a beta of 0.63. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm’s fifty day moving average is C$51.37 and its 200 day moving average is C$47.85.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. The company had revenue of C$1.55 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

About Quebecor

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.