Shares of Quebecor, Inc. (TSE:QBR.B – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$60.94 and traded as high as C$66.15. Quebecor shares last traded at C$65.59, with a volume of 766,911 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Scotia increased their price objective on shares of Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. National Bank Financial lifted their target price on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Scotiabank increased their price target on Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce increased their price target on Quebecor from C$67.00 to C$78.00 in a research report on Friday, July 10th. Finally, Royal Bank Of Canada boosted their price target on Quebecor from C$70.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. 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.com, Quebecor has an average rating of “Moderate Buy” and a consensus price target of C$69.71.
Check Out Our Latest Research Report on Quebecor
Quebecor Price Performance
Quebecor (TSE:QBR.B – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share (EPS) for the quarter. The company 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, 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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