Quebecor (TSE:QBR.B) Hits New 12-Month High – Still a Buy?

Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during trading on Wednesday . The company traded as high as C$40.83 and last traded at C$40.67, with a volume of 657823 shares trading hands. The stock had previously closed at C$40.65.

Analyst Ratings Changes

Several equities analysts have commented on QBR.B shares. Scotiabank lifted their target price on shares of Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 16th. Royal Bank Of Canada increased their price target on Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, April 9th. TD Securities cut their price objective on Quebecor from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, National Bankshares upped their price objective on Quebecor from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Friday, June 6th.

Quebecor Stock Up 0.0%

The company’s fifty day simple moving average is C$37.71 and its 200 day simple moving average is C$34.80. 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 has a market capitalization of C$6.42 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.

About Quebecor

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.