Quebecor, Inc. (TSE:QBR.B – Get Free Report) shares reached a new 52-week high on Wednesday. The stock traded as high as C$71.12 and last traded at C$71.11, with a volume of 681,722 shares traded. The stock had previously closed at C$68.68.
Analysts Set New Price Targets
QBR.B has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Canaccord Genuity Group cut Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price objective on the stock. in a report on Friday, July 10th. Desjardins raised their target price on Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. ATB Cormark Capital Markets upped their price target on Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$72.00 to C$75.00 in a research report on Tuesday, September 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy” and an average target price of C$70.12.
View Our Latest Stock Analysis on Quebecor
Quebecor Trading Up 3.7%
The firm has a market capitalization of C$15.92 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The firm’s 50-day simple moving average is C$63.80 and its 200-day simple moving average is C$61.33.
About Quebecor
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.
Read More
- Five stocks we like better than Quebecor
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Quebecor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quebecor and related companies with MarketBeat.com's FREE daily email newsletter.
