Quebecor (TSE:QBR.B) Price Target Raised to C$77.00

Quebecor (TSE:QBR.B) had its price objective lifted by equities research analysts at ATB Cormark Capital Markets from C$69.00 to C$77.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 12.89% from the company’s previous close.

QBR.B has been the topic of several other research reports. Royal Bank Of Canada lifted their target price on Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Friday. Desjardins raised their price target on shares of Quebecor from C$72.00 to C$76.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank boosted their price objective on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. Scotia upped their price objective on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, National Bank Financial increased their target price on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$69.71.

Quebecor Stock Up 1.5%

TSE:QBR.B traded up C$0.99 during trading hours on Friday, hitting C$68.21. 443,353 shares of the stock traded hands, compared to its average volume of 943,816. The firm has a 50 day moving average price of C$67.21 and a 200 day moving average price of C$60.31. The firm has a market cap of C$15.37 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.43 and a beta of 0.69. Quebecor has a fifty-two week low of C$36.94 and a fifty-two week high of C$70.75. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.