Quebecor (TSE:QBR.B) Reaches New 1-Year High – Should You Buy?

Quebecor, Inc. (TSE:QBR.B) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$54.21 and last traded at C$54.08, with a volume of 34623 shares trading hands. The stock had previously closed at C$53.49.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on QBR.B shares. National Bank Financial cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price objective for the company. in a report on Wednesday, November 19th. Desjardins upped their price target on shares of Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce boosted their price objective on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th. Scotiabank dropped their target price on shares of Quebecor from C$51.75 to C$51.25 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$52.72.

Quebecor Stock Performance

The firm’s fifty day moving average is C$51.02 and its 200-day moving average is C$47.27. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a market capitalization of C$12.42 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63.

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.