Quebecor (TSE:QBR.B) Given a C$61.00 Price Target at Desjardins

Desjardins set a C$61.00 target price on Quebecor (TSE:QBR.B) in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada increased their price target on Quebecor from C$52.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price objective on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday. National Bank Financial increased their price objective on shares of Quebecor from C$54.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Canaccord Genuity Group raised shares of Quebecor from a “hold” rating to a “buy” rating and increased their price objective for the company from C$51.25 to C$60.00 in a report on Monday, March 2nd. Finally, TD Securities downgraded shares of Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$59.45.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$57.84 on Tuesday. The company has a market capitalization of C$13.11 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.43 and a beta of 0.68. The business’s 50 day moving average is C$55.78 and its two-hundred day moving average is C$51.01. 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$34.36 and a 12-month high of C$60.73.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. The company had revenue of C$1.55 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.