Quebecor (TSE:QBR.B) Reaches New 52-Week High – Here’s What Happened

Shares of Quebecor, Inc. (TSE:QBR.B – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$67.14 and last traded at C$67.14, with a volume of 26990 shares trading hands. The stock had previously closed at C$66.35.

Analyst Upgrades and Downgrades

QBR.B has been the topic of a number of research reports. National Bank Financial increased their price objective on Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Royal Bank Of Canada increased their price objective on Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. Canaccord Genuity Group increased their price objective on Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Desjardins increased their price objective on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Quebecor currently has an average rating of “Moderate Buy” and a consensus target price of C$63.71.

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Quebecor Stock Performance

The stock has a market capitalization of C$15.06 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. The firm has a fifty day moving average of C$58.57 and a 200 day moving average of C$54.30. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

Quebecor (TSE:QBR.B – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.40 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

About Quebecor

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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.

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