Quebecor (TSE:QBR.B) Given New C$69.00 Price Target at TD

Quebecor (TSE:QBR.B – Get Free Report) had its price objective lifted by research analysts at TD from C$63.00 to C$69.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 6.75% from the company’s current price.

A number of other research analysts have also weighed in on QBR.B. Scotiabank raised their price objective on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research report on Friday, February 27th. National Bank Financial upgraded Quebecor from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$57.00 to C$59.00 in a research report on Monday, April 13th. ATB Cormark Capital Markets lifted their price target on Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their price target on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Finally, BMO Capital Markets lifted their price target on Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$63.71.

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Quebecor Price Performance

Shares of Quebecor stock traded up C$2.57 during trading on Friday, reaching C$64.64. 495,269 shares of the stock traded hands, compared to its average volume of 954,894. The company has a market capitalization of C$14.60 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 1.43 and a beta of 0.75. The business has a fifty day simple moving average of C$57.66 and a two-hundred day simple moving average of C$53.28. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a 52-week low of C$36.68 and a 52-week high of C$64.93.

Quebecor (TSE:QBR.B – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The firm 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%.

About Quebecor

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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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.

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