Quebecor (TSE:QBR.B) Price Target Raised to C$80.00

Quebecor (TSE:QBR.B – Get Free Report) had its target price increased by equities research analysts at TD from C$78.00 to C$80.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 17.28% from the company’s previous close.

Several other equities analysts also recently issued reports on QBR.B. Scotiabank upped their price objective on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price for the company. in a research note on Friday, July 10th. Scotia boosted their target price on shares of Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. Desjardins raised their price target on shares of Quebecor from C$66.00 to C$72.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, National Bank Financial lifted their price objective on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$69.71.

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Quebecor Stock Up 1.5%

QBR.B traded up C$0.99 during trading on Friday, hitting C$68.21. The stock had a trading volume of 443,353 shares, compared to its average volume of 943,816. The company has a market capitalization of C$15.37 billion, a PE ratio of 17.76, a PEG ratio of 1.43 and a beta of 0.69. Quebecor has a twelve month low of C$36.94 and a twelve month high of C$70.75. 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 stock has a 50 day simple moving average of C$67.21 and a two-hundred day simple moving average of C$60.31.

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

About Quebecor

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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.

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