Quebecor (TSE:QBR.B) Stock Price Expected to Rise, Scotiabank Analyst Says

Quebecor (TSE:QBR.B) had its price target hoisted by Scotiabank from C$58.00 to C$63.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 7.92% from the stock’s current price.

Several other research analysts have also issued reports on QBR.B. Canaccord Genuity Group increased their target price on Quebecor from C$60.00 to C$68.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. 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 report on Tuesday, June 23rd. Scotia boosted their target price on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price target on shares of Quebecor from C$61.00 to C$66.00 in a research note on Tuesday, April 7th. Finally, ATB Cormark Capital Markets upped their price objective 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. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy” and a consensus target price of C$65.79.

Quebecor Trading Down 0.3%

Quebecor stock traded down C$0.18 during mid-day trading on Tuesday, reaching C$68.96. 267,438 shares of the company traded hands, compared to its average volume of 958,316. 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 has a 52-week low of C$36.68 and a 52-week high of C$70.75. The firm has a market capitalization of C$15.54 billion, a price-to-earnings ratio of 17.96, a P/E/G 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.

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. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.40 billion for 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.