Quebecor (TSE:QBR.B) Price Target Raised to C$72.00 at Desjardins

Quebecor (TSE:QBR.B) had its price target upped by analysts at Desjardins from C$66.00 to C$72.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 7.78% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets boosted their target price on shares of Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD increased their target price on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Royal Bank Of Canada raised their target price on shares of Quebecor from C$64.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Friday, July 10th. Finally, Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 price target on the stock. in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and an average target price of C$67.79.

Quebecor Price Performance

Shares of QBR.B traded up C$0.52 during midday trading on Wednesday, reaching C$66.80. The stock had a trading volume of 216,201 shares, compared to its average volume of 942,170. Quebecor has a 52 week low of C$36.68 and a 52 week high of C$70.75. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm’s 50 day moving average price is C$66.01 and its 200-day moving average price is C$58.53. The company has a market capitalization of C$15.05 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.43 and a beta of 0.68.

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

About Quebecor

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.