Royal Bank Of Canada Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target lifted by equities research analysts at Royal Bank Of Canada from C$52.00 to C$57.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 0.76% from the stock’s previous close.

A number of other equities research analysts have also issued reports on QBR.B. National Bank Financial raised their price target on Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday. JPMorgan Chase & Co. set a C$56.00 target price on Quebecor and gave the stock an “overweight” rating in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce lifted their target price on Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Scotiabank raised their price target on shares of Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$58.08.

Quebecor Trading Up 5.1%

Shares of QBR.B stock traded up C$2.77 during trading hours on Friday, reaching C$56.57. 1,554,196 shares of the stock were exchanged, compared to its average volume of 755,688. The firm has a market capitalization of C$12.92 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.43 and a beta of 0.63. Quebecor has a 12-month low of C$32.57 and a 12-month high of C$57.77. The company’s 50-day moving average price is C$51.26 and its 200-day moving average price is C$47.61. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$1.55 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

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.