Quebecor (TSE:QBR.B) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Quebecor (TSE:QBR.B) from a hold rating to a buy rating in a research report sent to investors on Monday morning,BayStreet.CA reports. The firm currently has C$60.00 price objective on the stock, up from their previous price objective of C$51.25.

A number of other equities analysts also recently issued reports on the company. Scotiabank raised their price target on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Desjardins boosted their price target on Quebecor from C$54.00 to C$61.00 and gave the company a “buy” rating in a research note on Friday, February 27th. ATB Cormark Capital Markets upped their price target on shares of Quebecor from C$57.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Finally, BMO Capital Markets boosted their target price on shares of Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.95.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$59.15 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The company has a 50 day moving average price of C$51.78 and a 200-day moving average price of C$48.18. Quebecor has a 52 week low of C$34.16 and a 52 week high of C$59.97. The firm has a market capitalization of C$13.51 billion, a PE ratio of 16.66, a P/E/G ratio of 1.43 and a beta of 0.63.

Quebecor (TSE:QBR.B) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The company had revenue of C$1.55 billion for the quarter.

About Quebecor

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.