Quebecor (TSE:QBR.B) Sets New 52-Week High – Here’s What Happened

Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$67.13 and last traded at C$65.61, with a volume of 1291551 shares trading hands. The stock had previously closed at C$65.36.

Wall Street Analyst Weigh In

Several research firms have recently commented on QBR.B. Royal Bank Of Canada raised their price objective on shares of Quebecor from C$60.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. National Bank Financial raised their price objective on shares of Quebecor from C$59.00 to C$67.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. TD raised their price objective on shares of Quebecor from C$63.00 to C$69.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Scotia raised their target price on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Finally, Scotiabank raised their target price on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a report on Friday, February 27th. Eight 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 a consensus rating of “Moderate Buy” and a consensus target price of C$63.71.

Quebecor Stock Down 0.4%

The stock has a market cap of C$14.54 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.43 and a beta of 0.75. The firm has a fifty day moving average of C$58.28 and a 200 day moving average of C$54.00. 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 (TSE:QBR.B) last posted its earnings results on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The firm 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.