Quebecor (TSE:QBR.B) Upgraded by National Bank Financial to “Outperform” Rating

National Bank Financial upgraded shares of Quebecor (TSE:QBR.B) from a sector perform rating to an outperform rating in a research report report published on Monday morning,BayStreet.CA reports. National Bank Financial currently has C$59.00 target price on the stock, up from their previous target price of C$57.00.

Several other research analysts have also recently issued reports on QBR.B. ATB Cormark Capital Markets raised their target price on shares of Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of Quebecor from C$57.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Desjardins set a C$61.00 price target on shares of Quebecor and gave the company a “buy” rating in a report on Tuesday, April 7th. BMO Capital Markets lifted their price target on shares of Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$59.95.

Quebecor Stock Up 1.8%

Shares of Quebecor stock opened at C$54.70 on Monday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. Quebecor has a 52-week low of C$34.63 and a 52-week high of C$60.73. The stock has a market capitalization of C$12.40 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.43 and a beta of 0.68. The company’s 50 day moving average price is C$56.22 and its 200-day moving average price is C$51.38.

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