Quebecor (TSE:QBR.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Quebecor (TSE:QBR.B) had its price objective hoisted by BMO Capital Markets from C$47.00 to C$53.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 6.36% from the company’s current price.

Several other equities analysts have also issued reports on QBR.B. Royal Bank Of Canada lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$45.00 to C$46.00 in a report on Wednesday, October 15th. JPMorgan Chase & Co. set a C$56.00 price objective on Quebecor and gave the company an “overweight” rating in a research report on Monday. National Bankshares lifted their price objective on Quebecor from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. CIBC boosted their target price on Quebecor from C$49.00 to C$54.00 in a report on Friday, November 7th. Finally, TD Securities increased their target price on Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$48.86.

Quebecor Trading Up 1.7%

Shares of TSE QBR.B opened at C$49.83 on Monday. Quebecor has a 1 year low of C$30.02 and a 1 year high of C$49.88. The stock has a market cap of C$11.38 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The firm has a 50-day moving average of C$44.08 and a 200 day moving average of C$41.15. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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.