Quebecor (TSE:QBR.B) Price Target Raised to C$72.00

Quebecor (TSE:QBR.B) had its price objective upped by Desjardins from C$66.00 to C$72.00 in a report issued on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada upped their price target on Quebecor from C$64.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Friday, July 10th. National Bank Financial lifted their price objective on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. TD lifted their price objective on shares of Quebecor from C$69.00 to C$78.00 and gave the stock a “buy” rating in a report on Monday, June 29th. BMO Capital Markets boosted their target price on shares of Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. 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 stock has a consensus rating of “Moderate Buy” and an average target price of C$67.79.

Quebecor Stock Up 1.6%

Shares of Quebecor stock opened at C$68.20 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The firm has a market cap of C$15.37 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.43 and a beta of 0.68. Quebecor has a fifty-two week low of C$36.68 and a fifty-two week high of C$70.75. The business has a 50-day moving average price of C$66.66 and a 200 day moving average price of C$58.81.

Quebecor (TSE:QBR.B) last announced its quarterly earnings data 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 firm had revenue of C$1.40 billion for the quarter.

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.