Quebecor (TSE:QBR.B) Trading 2.1% Higher – Still a Buy?

Quebecor, Inc. (TSE:QBR.B)’s stock price rose 2.1% during mid-day trading on Friday . The stock traded as high as C$63.70 and last traded at C$63.38. Approximately 50,394 shares changed hands during trading, a decline of 95% from the average daily volume of 949,974 shares. The stock had previously closed at C$62.07.

Analyst Upgrades and Downgrades

QBR.B has been the subject of several research analyst reports. BMO Capital Markets increased their target price on Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets increased their target price on Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their target price on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. National Bank Financial upgraded Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$57.00 to C$59.00 in a research report on Monday, April 13th. Finally, Scotiabank increased their target price on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and an average price target of C$60.23.

Quebecor Stock Performance

The business has a 50 day moving average of C$57.66 and a 200 day moving average of C$53.28. The company has a market capitalization of C$14.55 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. 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 (TSE:QBR.B) last announced its quarterly 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 company had revenue of C$1.40 billion during the quarter.

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. 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.