Quebecor, Inc. (TSE:QBR.B) Receives C$48.86 Average PT from Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$49.86.

Several equities research analysts have recently weighed in on the company. TD Securities upped their price objective on Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Scotiabank boosted their price target on Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. CIBC upped their price target on Quebecor from C$49.00 to C$54.00 in a research report on Friday, November 7th. Royal Bank Of Canada cut Quebecor from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$45.00 to C$46.00 in a report on Wednesday, October 15th. Finally, BMO Capital Markets boosted their target price on shares of Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th.

Quebecor Trading Up 1.4%

Shares of QBR.B stock opened at C$52.71 on Tuesday. Quebecor has a 52-week low of C$30.02 and a 52-week high of C$53.08. The stock has a market cap of C$12.04 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a fifty day moving average of C$45.62 and a 200-day moving average of C$42.07.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, November 6th. The company reported C$1.02 earnings per share for the quarter. The business had revenue of C$1.41 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

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.