Quebecor (TSE:QBR.B) Price Target Raised to C$74.00 at National Bank Financial

Quebecor (TSE:QBR.B) had its price objective increased by research analysts at National Bank Financial from C$67.00 to C$74.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 10.14% from the stock’s previous close.

Several other analysts have also issued reports on the stock. TD upped their price target on shares of Quebecor from C$63.00 to C$69.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Royal Bank Of Canada upped their target price on shares of Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Scotia lifted their price target on Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Desjardins upped their price objective on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets raised their price objective 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. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$64.29.

Quebecor Stock Up 0.7%

Shares of TSE:QBR.B traded up C$0.45 during midday trading on Tuesday, reaching C$67.19. The company had a trading volume of 220,921 shares, compared to its average volume of 956,576. Quebecor has a 1-year low of C$36.68 and a 1-year high of C$70.19. The stock has a market cap of C$15.14 billion, a PE ratio of 17.50, a P/E/G ratio of 1.43 and a beta of 0.64. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The business’s 50 day moving average price is C$62.27 and its 200 day moving average price is C$56.68.

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

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.