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

Quebecor, Inc. (TSE:QBR.B) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$52.72.

QBR.B has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce boosted their target price on Quebecor from C$54.00 to C$57.00 in a research report on Tuesday, December 9th. Desjardins lifted their price objective on Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group cut Quebecor from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$50.00 to C$51.25 in a report on Tuesday, January 13th. BMO Capital Markets raised their target price on shares of Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. set a C$56.00 price target on shares of Quebecor and gave the stock an “overweight” rating in a research report on Monday, November 10th.

Quebecor Stock Performance

QBR.B stock opened at C$55.12 on Thursday. The company has a 50 day moving average price of C$51.20 and a 200 day moving average price of C$47.56. Quebecor has a fifty-two week low of C$32.21 and a fifty-two week high of C$55.18. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The stock has a market capitalization of C$12.59 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63.

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.