Quebecor (TSE:QBR.B) Given New C$69.00 Price Target at TD

Quebecor (TSE:QBR.B) had its target price raised by TD from C$63.00 to C$69.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 6.75% from the stock’s current price.

QBR.B has been the topic of several other reports. National Bank Financial upgraded Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$57.00 to C$59.00 in a research note on Monday, April 13th. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and increased their price target for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. ATB Cormark Capital Markets increased their price target on Quebecor from C$57.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price target on Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. Finally, Desjardins set a C$61.00 price target on Quebecor and gave the company a “buy” rating in a report on Tuesday, April 7th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$63.71.

Quebecor Stock Up 4.1%

Shares of Quebecor stock traded up C$2.57 during midday trading on Friday, hitting C$64.64. The company had a trading volume of 495,269 shares, compared to its average volume of 954,894. 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 stock has a market capitalization of C$14.60 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.43 and a beta of 0.75. The company has a 50 day moving average of C$57.66 and a 200 day moving average of C$53.28. Quebecor has a 52-week low of C$36.68 and a 52-week high of C$64.93.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business had revenue of C$1.40 billion for the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.