Quebecor (TSE:QBR.A) Given New C$71.00 Price Target at National Bank Financial

Quebecor (TSE:QBR.A) had its price target reduced by equities research analysts at National Bank Financial from C$74.00 to C$71.00 in a report issued on Wednesday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 12.86% from the stock’s previous close.

QBR.A has been the topic of a number of other reports. Desjardins cut their target price on shares of Quebecor from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial set a C$72.00 price target on shares of Quebecor and gave the stock a “market perform” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$71.50.

Quebecor Stock Performance

Quebecor stock remained flat at C$62.91 during mid-day trading on Wednesday. The company had a trading volume of 114 shares, compared to its average volume of 1,084. The firm’s 50 day moving average is C$63.79 and its 200-day moving average is C$63.82. The firm has a market cap of C$14.06 billion, a PE ratio of 15.42, a PEG ratio of 1.44 and a beta of 0.62. Quebecor has a fifty-two week low of C$43.18 and a fifty-two week high of C$71.89. 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.A) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.07 EPS for the quarter. The firm had revenue of C$1.44 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%. Sell-side analysts expect that Quebecor will post 3.47 earnings per share for the current fiscal year.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.