Raymond James Financial Reiterates C$72.00 Price Target for Quebecor (TSE:QBR.A)

Quebecor (TSE:QBR.A) has been given a C$72.00 price target by stock analysts at Raymond James Financial in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 7.95% from the stock’s previous close.

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Quebecor from C$63.00 to C$69.00 in a research note on Friday, May 15th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Quebecor currently has a consensus rating of “Hold” and an average target price of C$61.42.

Quebecor Stock Performance

TSE:QBR.A remained flat at C$66.70 during mid-day trading on Thursday. The company had a trading volume of 719 shares, compared to its average volume of 1,189. The business’s fifty day moving average price is C$66.77 and its two-hundred day moving average price is C$58.91. The company has a market cap of C$15.03 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.44 and a beta of 0.73. Quebecor has a 1 year low of C$37.16 and a 1 year high of C$71.89. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.A) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.40 billion for the quarter. On average, sell-side analysts forecast that Quebecor will post 3.4726027 earnings per share for the current year.

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.