Quebecor (TSE:QBR.B) Reaches New 12-Month High – Still a Buy?

Quebecor, Inc. (TSE:QBR.B)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$71.12 and last traded at C$71.11, with a volume of 681,722 shares traded. The stock had previously closed at C$68.68.

Wall Street Analysts Forecast Growth

QBR.B has been the subject of several research analyst reports. ATB Cormark Capital Markets lifted their target price on shares of Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Scotia lifted their price target on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Scotiabank raised their price objective on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce raised their price target on Quebecor from C$67.00 to C$78.00 in a research report on Friday, July 10th. Finally, Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price for the company. in a research report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$70.12.

Quebecor Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market cap of C$15.92 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. The business has a 50-day moving average of C$63.80 and a two-hundred day moving average of C$61.33.

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.