Quebecor (TSE:QBR.B) Reaches New 1-Year High – Still a Buy?

Quebecor, Inc. (TSE:QBR.B) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$70.47 and last traded at C$70.47, with a volume of 14547 shares trading hands. The stock had previously closed at C$68.83.

Analyst Ratings Changes

A number of brokerages have weighed in on QBR.B. National Bank Financial raised their price objective on Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their target price on Quebecor from C$63.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Desjardins increased their target price on Quebecor from C$61.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD raised their price target on shares of Quebecor from C$69.00 to C$78.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, ATB Cormark Capital Markets lifted their price target on shares of Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$65.04.

Quebecor Stock Up 0.8%

The firm has a market cap of C$15.71 billion, a P/E ratio of 18.16, a PEG ratio of 1.43 and a beta of 0.68. The firm’s 50-day moving average price is C$64.68 and its 200 day moving average price is C$57.84. 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.B) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The firm had revenue of C$1.40 billion during the quarter.

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.