Quebecor, Inc. (TSE:QBR.B) Receives C$50.19 Consensus PT from Brokerages

Quebecor, Inc. (TSE:QBR.B) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$50.19.

Several equities research analysts have recently commented on the stock. Scotiabank raised their target price on shares of Quebecor from C$43.25 to C$43.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. National Bankshares downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target for the company. in a research note on Wednesday, November 19th. BMO Capital Markets raised their price objective on shares of Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. CIBC upped their target price on Quebecor from C$54.00 to C$57.00 in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada lowered Quebecor from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th.

Quebecor Price Performance

QBR.B opened at C$51.25 on Wednesday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market capitalization of C$11.71 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The stock’s 50 day moving average price is C$51.00 and its 200-day moving average price is C$45.02. Quebecor has a 52-week low of C$30.02 and a 52-week high of C$53.32.

Quebecor (TSE:QBR.B) last announced its quarterly 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 during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

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.