Quebecor (TSE:QBR.A) Reaches New 1-Year High – Here’s What Happened

Shares of Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high on Wednesday . The company traded as high as C$50.95 and last traded at C$50.28, with a volume of 2606 shares. The stock had previously closed at C$48.84.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their price objective on shares of Quebecor from C$40.50 to C$43.25 and gave the company a “sector perform” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$43.25.

Quebecor Price Performance

The firm has a market capitalization of C$11.88 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.54. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The company’s fifty day moving average is C$44.55 and its two-hundred day moving average is C$41.70.

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.