Quebecor (TSE:QBR.A) Sets New 1-Year High – Here’s Why

Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$53.10 and last traded at C$53.10, with a volume of 1628 shares changing hands. The stock had previously closed at C$52.00.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their target price on shares of Quebecor from C$40.50 to C$43.25 and gave the stock a “sector perform” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$43.25.

Quebecor Stock Down 1.5%

The company has a market cap of C$11.98 billion, a PE ratio of 14.77, a P/E/G ratio of 1.44 and a beta of 0.54. The stock has a 50-day moving average of C$45.24 and a 200-day moving average of C$42.15. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.