BMO Capital Markets Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B – Get Free Report) had its target price increased by analysts at BMO Capital Markets from C$63.00 to C$67.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 3.65% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Scotiabank lifted their price objective on shares of Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. TD Securities cut shares of Quebecor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. National Bank Financial lifted their price objective on shares of Quebecor from C$59.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Canaccord Genuity Group raised shares of Quebecor from a “hold” rating to a “buy” rating and boosted their target price for the company from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Quebecor presently has an average rating of “Moderate Buy” and an average target price of C$63.71.

Get Quebecor alerts:

View Our Latest Stock Report on QBR.B

Quebecor Stock Performance

QBR.B stock traded up C$2.57 during midday trading on Friday, reaching C$64.64. 495,269 shares of the company were exchanged, compared to its average volume of 954,894. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The business has a 50-day moving average price of C$57.66 and a two-hundred day moving average price of C$53.28. Quebecor has a one year low of C$36.68 and a one year high of C$64.93. The firm has a market capitalization of C$14.60 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75.

Quebecor (TSE:QBR.B – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.40 billion during the quarter.

About Quebecor

(Get Free Report)

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.

See Also

• Five stocks we like better than Quebecor
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

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.