Brokerages Set Quebecor, Inc. (TSE:QBR.B) Target Price at C$60.23

Quebecor, Inc. (TSE:QBR.B) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$60.23.

Several research firms have recently weighed in on QBR.B. Canaccord Genuity Group raised Quebecor from a “hold” rating to a “buy” rating and boosted their target price for the company from C$51.25 to C$60.00 in a report on Monday, March 2nd. TD upgraded Quebecor from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$60.00 to C$63.00 in a research note on Thursday. Scotiabank upped their price target on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research report on Friday, February 27th. BMO Capital Markets raised their price objective on shares of Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada upped their target price on shares of Quebecor from C$57.00 to C$60.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th.

Quebecor Price Performance

QBR.B stock opened at C$56.44 on Friday. The firm’s 50-day moving average price is C$56.62 and its two-hundred day moving average price is C$51.72. 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$35.68 and a 12-month high of C$60.73. The stock has a market capitalization of C$12.75 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.43 and a beta of 0.68.

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

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. 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.