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

Quebecor, Inc. (TSE:QBR.B) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$77.50 and last traded at C$77.49, with a volume of 8,676 shares trading hands. The stock had previously closed at C$76.84.

Analyst Upgrades and Downgrades

QBR.B has been the subject of several research reports. Scotia increased their price objective on shares of Quebecor from C$63.50 to C$66.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Royal Bank Of Canada raised their price objective on Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. TD lifted their target price on Quebecor from C$78.00 to C$80.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Raymond James Financial upgraded Quebecor from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$72.00 to C$75.00 in a research report on Tuesday, September 15th. Finally, ATB Cormark Capital Markets increased their price target on Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.29.

Quebecor Price Performance

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 market capitalization of C$17.21 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. The firm’s 50 day simple moving average is C$64.84 and its 200 day simple moving average is C$61.85.

Quebecor Company Profile

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.