Quebecor (TSE:QBR.B) Sets New 1-Year High – What’s Next?

Quebecor, Inc. (TSE:QBR.B)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$60.24 and last traded at C$59.09, with a volume of 170535 shares trading hands. The stock had previously closed at C$59.65.

Analyst Ratings Changes

QBR.B has been the subject of several recent research reports. Desjardins increased their price target on shares of Quebecor from C$54.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. BMO Capital Markets upped their price objective on Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. TD Securities downgraded Quebecor from a “buy” rating to a “hold” rating and raised their target price for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. Scotiabank boosted their price target on Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research note on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce upped their price target on Quebecor from C$57.00 to C$61.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$58.95.

Quebecor Stock Performance

The stock has a 50 day moving average price of C$52.51 and a two-hundred day moving average price of C$48.82. 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 company has a market capitalization of C$13.27 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.87.

Quebecor (TSE:QBR.B) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. The business had revenue of C$1.55 billion during 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.