Quebecor, Inc. (TSE:QBR.B) Given Average Rating of “Moderate Buy” by Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$69.71.

Several research analysts have issued reports on QBR.B shares. Scotiabank upped their price target on Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. ATB Cormark Capital Markets lifted their target price on Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD boosted their target price on Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada upped their target price on Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th.

Quebecor Stock Performance

Shares of TSE:QBR.B opened at C$62.82 on Monday. The stock has a market capitalization of C$14.04 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.43 and a beta of 0.61. Quebecor has a 1-year low of C$41.56 and a 1-year high of C$70.75. 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 company has a 50 day moving average price of C$64.98 and a 200 day moving average price of C$62.62.

About Quebecor

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.