Quebecor, Inc. (TSE:QBR.B) Receives C$42.59 Consensus Target Price from Brokerages

Quebecor, Inc. (TSE:QBR.B) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$42.59.

QBR.B has been the topic of several research analyst reports. National Bankshares raised their price objective on Quebecor from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Desjardins dropped their price objective on Quebecor from C$44.00 to C$43.00 and set a “buy” rating on the stock in a report on Friday, August 8th. BMO Capital Markets raised Quebecor from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$40.00 to C$47.00 in a report on Thursday, September 4th. Canaccord Genuity Group raised their price objective on Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Finally, TD Securities lifted their price target on Quebecor from C$44.00 to C$46.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th.

Quebecor Stock Up 2.0%

Shares of QBR.B opened at C$44.69 on Monday. 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 has a 12 month low of C$30.02 and a 12 month high of C$44.95. The stock’s 50 day moving average is C$41.40 and its two-hundred day moving average is C$39.30. The firm has a market cap of C$10.26 billion, a P/E ratio of 13.38, a PEG ratio of 1.43 and a beta of 0.64.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.