Quebecor (TSE:QBR.B) Hits New 1-Year High – What’s Next?

Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high during trading on Wednesday . The company traded as high as C$67.13 and last traded at C$65.61, with a volume of 1291551 shares changing hands. The stock had previously closed at C$65.36.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. ATB Cormark Capital Markets upped their target price on Quebecor from C$63.00 to C$69.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. TD upped their target price on Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Canaccord Genuity Group upped their target price on Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Scotia upped their target price on Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, Desjardins upped their target price on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Stock Up 0.4%

The stock has a market cap of C$14.82 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. 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 business has a 50-day moving average price of C$58.05 and a 200-day moving average price of C$53.72.

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