Quebecor, Inc. (TSE:QBR.B – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from C$58.00 to C$63.50. Scotiabank currently has a sector perform rating on the stock. Quebecor traded as high as C$70.47 and last traded at C$70.47, with a volume of 14547 shares changing hands. The stock had previously closed at C$68.83.
Several other analysts also recently weighed in on the stock. TD lifted their price target on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Royal Bank Of Canada raised their price objective on Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their target price on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Scotia upped their target price on Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group upped their price objective on shares of Quebecor from C$60.00 to C$68.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Quebecor has a consensus rating of “Moderate Buy” and a consensus target price of C$65.79.
Read Our Latest Research Report on Quebecor
Quebecor Stock Performance
Quebecor (TSE:QBR.B – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.40 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.
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.
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