Quebecor (TSE:QBR.B) Announces Earnings Results

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

Quebecor Trading Up 7.8%

QBR.B stock traded up C$4.49 on Thursday, reaching C$62.07. The company’s stock had a trading volume of 1,962,409 shares, compared to its average volume of 960,041. The business has a fifty day simple moving average of C$57.59 and a two-hundred day simple moving average of C$53.15. Quebecor has a 12-month low of C$36.68 and a 12-month high of C$62.07. The firm has a market cap of C$14.02 billion, a PE ratio of 17.48, a PEG ratio of 1.43 and a beta of 0.75. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

Wall Street Analyst Weigh In

A number of brokerages have commented on QBR.B. Canadian Imperial Bank of Commerce increased their price target on shares of Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. ATB Cormark Capital Markets increased their price objective on Quebecor from C$57.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Canaccord Genuity Group raised Quebecor from a “hold” rating to a “buy” rating and increased their price objective for the company from C$51.25 to C$60.00 in a research note on Monday, March 2nd. TD Securities lowered Quebecor from a “buy” rating to a “hold” rating and increased their price objective for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. Finally, Desjardins set a C$61.00 price objective on Quebecor and gave the company a “buy” rating in a research note on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$60.23.

About Quebecor

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.