Quebecor (TSE:QBR.B) Price Target Raised to C$68.00

Quebecor (TSE:QBR.B) had its target price boosted by Canaccord Genuity Group from C$60.00 to C$68.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 5.20% from the company’s current price.

Several other brokerages have also recently weighed in on QBR.B. Scotia upped their price target on Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets upped their price target on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday. Canadian Imperial Bank of Commerce upped their price target on Quebecor from C$61.00 to C$66.00 in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted their target price on Quebecor from C$60.00 to C$64.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Scotiabank boosted their target price on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Trading Up 4.1%

Shares of QBR.B traded up C$2.57 during mid-day trading on Friday, hitting C$64.64. 495,269 shares of the company’s stock traded hands, compared to its average volume of 954,894. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. Quebecor has a 1 year low of C$36.68 and a 1 year high of C$64.93. The firm has a market capitalization of C$14.60 billion, a P/E ratio of 18.21, a PEG ratio of 1.43 and a beta of 0.75. The business’s 50-day moving average price is C$57.66 and its 200-day moving average price is C$53.28.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The company had revenue of C$1.40 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

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.