Quebecor, Inc. (TSE:QBR.B) Stock Has Average Price Target of C$70.12 According to Brokerages

Shares of Quebecor, Inc. (TSE:QBR.B) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$70.12.

A number of research analysts have issued reports on the stock. National Bank Financial upped their target price on shares of Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Scotiabank raised their price target on shares of Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group downgraded shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price target for the company. in a report on Friday, July 10th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$72.00 to C$75.00 in a research report on Tuesday, September 15th. Finally, Royal Bank Of Canada boosted their price objective on shares of Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th.

Quebecor Trading Up 0.1%

Quebecor stock opened at C$64.51 on Friday. The stock has a market cap of C$14.42 billion, a PE ratio of 15.81, a P/E/G ratio of 1.43 and a beta of 0.56. The stock has a 50-day moving average price of C$63.45 and a 200 day moving average price of C$63.47. Quebecor has a 52 week low of C$41.66 and a 52 week high of C$70.75. The company has a current ratio of 1.01, a quick ratio of 0.35 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.