Quebecor (TSE:QBR.B) Hits New 12-Month High – What’s Next?

Quebecor, Inc. (TSE:QBR.B)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$37.13 and last traded at C$36.70, with a volume of 79609 shares. The stock had previously closed at C$36.60.

Analysts Set New Price Targets

Several research firms have recently weighed in on QBR.B. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Scotiabank reduced their target price on shares of Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. National Bankshares cut their target price on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. TD Securities lifted their price objective on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, CIBC reduced their price target on shares of Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$38.33.

Quebecor Price Performance

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 stock has a 50 day moving average price of C$32.57 and a two-hundred day moving average price of C$33.17. The firm has a market cap of C$5.71 billion, a PE ratio of 11.42, 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.