Desjardins Forecasts Strong Price Appreciation for Quebecor (TSE:QBR.B) Stock

Quebecor (TSE:QBR.B) had its price target upped by research analysts at Desjardins from C$66.00 to C$72.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 7.30% from the company’s previous close.

Several other research firms also recently issued reports on QBR.B. BMO Capital Markets lifted their price target on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets lifted their target price on shares of Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group cut shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock. in a research report on Friday, July 10th. TD increased their price target on Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, National Bank Financial lifted their price target on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$67.79.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$67.10 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a market cap of C$15.12 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.43 and a beta of 0.68. The stock has a 50 day moving average of C$66.43 and a two-hundred day moving average of C$58.74. Quebecor has a twelve month low of C$36.68 and a twelve month high of C$70.75.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm had revenue of C$1.40 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.