Quebecor (TSE:QBR.B) Price Target Raised to C$52.00 at TD Securities

Quebecor (TSE:QBR.B) had its target price raised by TD Securities from C$49.00 to C$52.00 in a report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Desjardins boosted their price objective on shares of Quebecor from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Scotiabank raised their target price on shares of Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Canaccord Genuity Group upped their price target on shares of Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Finally, National Bankshares raised their price objective on shares of Quebecor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy” and a consensus price target of C$47.22.

Quebecor Trading Up 1.8%

TSE QBR.B traded up C$0.83 during trading hours on Friday, hitting C$47.42. 1,199,351 shares of the company were exchanged, compared to its average volume of 970,601. Quebecor has a 52 week low of C$30.02 and a 52 week high of C$48.25. 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$43.78 and a 200 day moving average price of C$40.90. The stock has a market cap of C$10.88 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Quebecor Company Profile

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.