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

Quebecor, Inc. (TSE:QBR.B) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$50.19.

QBR.B has been the topic of a number of recent analyst reports. National Bankshares lowered Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target on the stock. in a research note on Wednesday, November 19th. Scotiabank upped their target price on Quebecor from C$43.25 to C$43.50 and gave the company a “sector perform” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. set a C$56.00 target price on Quebecor and gave the stock an “overweight” rating in a research report on Monday, November 10th. CIBC raised their price target on Quebecor from C$54.00 to C$57.00 in a research note on Tuesday. Finally, Royal Bank Of Canada downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th.

Quebecor Stock Performance

Shares of TSE QBR.B opened at C$51.98 on Friday. The company has a 50-day simple moving average of C$47.91 and a 200-day simple moving average of C$43.35. 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 cap of C$11.88 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.55. Quebecor has a 12 month low of C$30.02 and a 12 month high of C$53.32.

Quebecor (TSE:QBR.B) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The business had revenue of C$1.41 billion for the quarter.

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.