Quebecor (TSE:QBR.B) Rating Increased to Buy at TD

TD upgraded shares of Quebecor (TSE:QBR.B) from a hold rating to a buy rating in a research note released on Thursday morning,BayStreet.CA reports. They currently have C$63.00 price target on the stock, up from their previous price target of C$60.00.

QBR.B has been the subject of several other research reports. BMO Capital Markets boosted their price objective on Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. National Bank Financial raised Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$57.00 to C$59.00 in a research report on Monday. Desjardins set a C$61.00 price objective on Quebecor and gave the stock a “buy” rating in a research report on Tuesday, April 7th. TD Securities cut Quebecor from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, ATB Cormark Capital Markets boosted their price objective on Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$60.23.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$57.07 on Thursday. Quebecor has a fifty-two week low of C$35.25 and a fifty-two week high of C$60.73. The business has a 50-day moving average of C$56.52 and a two-hundred day moving average of C$51.53. The stock has a market capitalization of C$12.94 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.43 and a beta of 0.68. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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