Quebecor, Inc. (TSE:QBR.B) Receives Consensus Rating of “Moderate Buy” from Analysts

Quebecor, Inc. (TSE:QBR.B) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$52.72.

Several research firms have recently commented on QBR.B. Desjardins lifted their price target on shares of Quebecor from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Monday, January 12th. CIBC lifted their target price on Quebecor from C$54.00 to C$57.00 in a research report on Tuesday, December 9th. JPMorgan Chase & Co. set a C$56.00 price target on Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. Canaccord Genuity Group downgraded Quebecor from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$50.00 to C$51.25 in a research report on Tuesday, January 13th. Finally, TD Securities boosted their price objective on shares of Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a report on Friday, November 7th.

Quebecor Trading Up 2.2%

Shares of QBR.B stock opened at C$49.67 on Friday. 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 twelve month low of C$31.71 and a twelve month high of C$53.32. The company’s 50-day moving average price is C$50.95 and its 200-day moving average price is C$45.92. The stock has a market cap of C$11.35 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.43 and a beta of 0.67.

Quebecor (TSE:QBR.B) last issued its earnings results on Thursday, November 6th. The company reported C$1.05 EPS for the quarter. The company had revenue of C$1.41 billion for 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.