Quebecor (TSE:QBR.B) Price Target Raised to C$49.00

Quebecor (TSE:QBR.B) had its target price upped by TD Securities from C$46.00 to C$49.00 in a report issued on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

QBR.B has been the subject of a number of other research reports. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. CIBC boosted their price objective on shares of Quebecor from C$46.00 to C$49.00 in a research report on Friday, October 17th. National Bankshares increased their target price on shares of Quebecor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. BMO Capital Markets upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$40.00 to C$47.00 in a research note on Thursday, September 4th. Finally, Desjardins boosted their price target on Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy” and a consensus price target of C$46.22.

Quebecor Stock Up 1.5%

QBR.B stock opened at C$44.06 on Monday. 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 stock has a market capitalization of C$10.11 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.43 and a beta of 0.54. Quebecor has a fifty-two week low of C$30.02 and a fifty-two week high of C$45.31. The business has a 50-day moving average of C$42.79 and a 200-day moving average of C$40.08.

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.