Quebecor (TSE:QBR.B) Price Target Raised to C$57.00

by · The Cerbat Gem

Quebecor (TSE:QBR.B – Free Report) had its price target boosted by CIBC from C$54.00 to C$57.00 in a report released on Tuesday,BayStreet.CA reports.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. set a C$56.00 target price on Quebecor and gave the stock an “overweight” rating in a research report on Monday, November 10th. National Bankshares downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target on the stock. in a research note on Wednesday, November 19th. Desjardins lifted their price objective on shares of Quebecor from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Royal Bank Of Canada cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. Finally, BMO Capital Markets lifted their price target on shares of Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.19.

View Our Latest Stock Analysis on QBR.B

Quebecor Stock Up 0.6%

Shares of TSE:QBR.B opened at C$50.61 on Tuesday. The firm has a market capitalization of C$11.56 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.55. The business has a 50 day simple moving average of C$47.77 and a two-hundred day simple moving average of C$43.26. Quebecor has a 1 year low of C$30.02 and a 1 year high of C$53.32. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

Quebecor (TSE:QBR.B – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$1.05 earnings per share for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The firm had revenue of C$1.41 billion for the quarter.

About Quebecor

(Get Free Report)

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.

See Also