Quebecor, Inc. (TSE:QBR.B) Receives C$69.71 Consensus PT from Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$69.71.

A number of brokerages have issued reports on QBR.B. Scotiabank boosted their price objective on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a research report on Tuesday, July 7th. National Bank Financial raised their target price on shares of Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock. in a research note on Friday, July 10th. Desjardins boosted their price target on shares of Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th.

Quebecor Price Performance

Shares of Quebecor stock opened at C$62.36 on Thursday. The business has a 50 day moving average of C$66.15 and a 200 day moving average of C$61.76. Quebecor has a 52 week low of C$40.67 and a 52 week high of C$70.75. The company has a market cap of C$13.94 billion, a PE ratio of 15.28, a P/E/G ratio of 1.43 and a beta of 0.69. 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 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.