Quebecor, Inc. (TSE:QBR.B) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Quebecor, Inc. (TSE:QBR.B) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$63.71.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group boosted their target price on Quebecor from C$60.00 to C$68.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Desjardins boosted their target price on Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a report on Friday, May 15th. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$58.00 to C$60.00 in a report on Friday, February 27th. National Bank Financial boosted their price target on Quebecor from C$59.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$68.00 on Friday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$70.19. The stock has a market capitalization of C$15.32 billion, a P/E ratio of 19.15, a PEG ratio of 1.43 and a beta of 0.64. The stock has a 50-day simple moving average of C$60.13 and a 200-day simple moving average of C$55.44.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share (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 during 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.