Quebecor, Inc. (TSE:QBR.B) Receives C$60.23 Average PT from Analysts

Shares of Quebecor, Inc. (TSE:QBR.B) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$63.71.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Quebecor from C$60.00 to C$68.00 and gave the company a “buy” rating in a research report on Friday. Canadian Imperial Bank of Commerce boosted their price objective on Quebecor from C$61.00 to C$66.00 in a research report on Tuesday, April 7th. Scotia boosted their price objective on Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday. Scotiabank boosted their price objective on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets boosted their price objective on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday.

Quebecor Price Performance

Shares of QBR.B opened at C$65.36 on Tuesday. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a 50 day simple moving average of C$57.91 and a 200 day simple moving average of C$53.57. Quebecor has a 52-week low of C$36.68 and a 52-week high of C$65.44. The firm has a market capitalization of C$14.76 billion, a PE ratio of 18.41, a P/E/G ratio of 1.43 and a beta of 0.75.

Quebecor (TSE:QBR.B) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share (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$1.40 billion during the quarter.

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.