Quebecor (TSE:QBR.A) Sets New 52-Week High – Still a Buy?

Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high during trading on Friday. The stock traded as high as C$80.00 and last traded at C$80.00, with a volume of 733 shares changing hands. The stock had previously closed at C$77.80.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QBR.A. Desjardins lowered their price target on shares of Quebecor from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. National Bank Financial dropped their price target on shares of Quebecor from C$74.00 to C$71.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$71.50.

Quebecor Stock Up 2.8%

The stock’s fifty day moving average price is C$66.12 and its 200 day moving average price is C$62.72. 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 stock has a market cap of C$17.86 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67.

Quebecor (TSE:QBR.A) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$1.32 earnings per share 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$1.45 billion for the quarter. As a group, research analysts forecast that Quebecor, Inc. will post 3.47 earnings per share for the current fiscal year.

Quebecor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, November 20th. Quebecor’s dividend payout ratio is presently 36.78%.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.