Brokerages Set Quebecor, Inc. (TSE:QBR.B) PT at C$48.86

Quebecor, Inc. (TSE:QBR.B) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$49.86.

QBR.B has been the topic of several recent analyst reports. Scotiabank increased their price target on shares of Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. National Bankshares cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price for the company. in a report on Wednesday. Desjardins lifted their price target on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. TD Securities boosted their price target on shares of Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. set a C$56.00 price objective on shares of Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th.

Quebecor Stock Down 1.6%

Quebecor stock opened at C$51.58 on Tuesday. The stock has a market cap of C$11.78 billion, a PE ratio of 14.53, a P/E/G ratio of 1.43 and a beta of 0.57. 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’s fifty day moving average is C$45.27 and its two-hundred day moving average is C$41.81. Quebecor has a 1-year low of C$30.02 and a 1-year high of C$53.01.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, November 6th. The company reported C$1.02 EPS for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business had revenue of C$1.41 billion for the quarter.

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.