Quebecor (TSE:QBR.B) Price Target Raised to C$54.00

Quebecor (TSE:QBR.B) had its price target hoisted by CIBC from C$49.00 to C$54.00 in a research note issued to investors on Friday,BayStreet.CA reports.

A number of other analysts have also weighed in on QBR.B. Scotiabank upped their target price on shares of Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Canaccord Genuity Group raised their price objective on shares of Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Desjardins boosted their target price on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. TD Securities raised their price target on Quebecor from C$46.00 to C$49.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada cut Quebecor from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Quebecor has an average rating of “Moderate Buy” and a consensus target price of C$47.22.

Quebecor Stock Up 1.8%

Shares of TSE QBR.B opened at C$47.42 on Friday. The stock has a market cap of C$10.88 billion, a P/E ratio of 14.20, a PEG ratio of 1.43 and a beta of 0.57. The business’s fifty day simple moving average is C$43.78 and its 200-day simple moving average is C$40.97. Quebecor has a 12-month low of C$30.02 and a 12-month high of C$48.25. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

About Quebecor

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.