Quebecor (TSE:QBR.A) Stock Price Target Lowered at Desjardins

Quebecor (TSE:QBR.A) had its target price decreased by equities research analysts at Desjardins from C$76.00 to C$74.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 14.39% from the company’s previous close.

Separately, Raymond James Financial set a C$72.00 price objective on shares of Quebecor and gave the stock a “market perform” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy” and an average target price of C$71.67.

Quebecor Price Performance

QBR.A traded down C$0.31 during midday trading on Wednesday, reaching C$64.69. 130 shares of the company’s stock were exchanged, compared to its average volume of 1,100. Quebecor has a one year low of C$43.18 and a one 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. The business has a 50-day simple moving average of C$64.36 and a two-hundred day simple moving average of C$63.68. The firm has a market capitalization of C$14.46 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62.

Quebecor (TSE:QBR.A) last announced its earnings results on Thursday, August 6th. The company reported C$1.07 EPS for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business had revenue of C$1.44 billion for the quarter. As a group, research analysts predict that Quebecor will post 3.4726027 EPS for the current year.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.