Quebecor, Inc. (TSE:QBR.B) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Quebecor, Inc. (TSE:QBR.B – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$70.12.

A number of equities analysts have commented on QBR.B shares. ATB Cormark Capital Markets lifted their price target on Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. National Bank Financial increased 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. Canadian Imperial Bank of Commerce increased their price objective on Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Scotiabank raised their target price on shares of Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Finally, Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$72.00 to C$75.00 in a research note on Tuesday, September 15th.

View Our Latest Research Report on Quebecor

Quebecor Stock Performance

TSE QBR.B opened at C$64.44 on Monday. The firm has a market cap of C$14.40 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. Quebecor has a 1-year low of C$41.56 and a 1-year high of C$70.75. The stock has a 50-day moving average of C$64.57 and a 200-day moving average of C$62.93. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

Quebecor Company Profile

(Get Free Report)

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.

Featured Stories