Quebecor (TSE:QBR.B) Price Target Raised to C$60.00

Quebecor (TSE:QBR.B) had its price objective hoisted by Royal Bank Of Canada from C$57.00 to C$60.00 in a report published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

QBR.B has been the subject of several other research reports. Scotiabank boosted their price target on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce boosted their price target on Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and boosted their price target for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. BMO Capital Markets boosted their price target on Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Canaccord Genuity Group raised Quebecor from a “hold” rating to a “buy” rating and boosted their price target for the company from C$51.25 to C$60.00 in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$59.75.

Quebecor Stock Performance

TSE:QBR.B opened at C$53.73 on Thursday. The stock has a 50-day simple moving average of C$56.15 and a two-hundred day simple moving average of C$51.23. Quebecor has a 52-week low of C$34.36 and a 52-week high of C$60.73. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a market capitalization of C$12.18 billion, a PE ratio of 15.14, a P/E/G ratio of 1.43 and a beta of 0.68.

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

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.