Quebecor (TSE:QBR.B) Sets New 1-Year High – Still a Buy?

Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$61.04 and last traded at C$61.04, with a volume of 604034 shares. The stock had previously closed at C$57.58.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on QBR.B shares. Scotiabank boosted their price objective on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their target price on shares of Quebecor from C$61.00 to C$66.00 in a report on Tuesday, April 7th. National Bank Financial raised Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$57.00 to C$59.00 in a report on Monday, April 13th. TD Securities cut shares of Quebecor from a “buy” rating to a “hold” rating and boosted their target price for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. Finally, TD upgraded shares of Quebecor from a “hold” rating to a “buy” rating and raised their price target for the company from C$60.00 to C$63.00 in a research report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$60.23.

Quebecor Stock Up 7.5%

The stock has a market cap of C$13.98 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.43 and a beta of 0.75. The business’s 50 day moving average is C$57.59 and its 200-day moving average is C$53.15. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business had revenue of C$1.40 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

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. 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.