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

Quebecor (TSE:QBR.B) had its price objective raised by Desjardins from C$53.00 to C$54.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 8.13% from the stock’s previous close.

Several other analysts also recently weighed in on QBR.B. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. National Bankshares downgraded Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price for the company. in a report on Wednesday, November 19th. JPMorgan Chase & Co. set a C$56.00 price target on shares of Quebecor and gave the stock an “overweight” rating in a report on Monday, November 10th. Scotiabank lifted their price objective on shares of Quebecor from C$48.00 to C$51.75 and gave the company a “sector perform” rating in a research note on Monday. Finally, TD Securities increased their price objective on shares of Quebecor from C$49.00 to C$52.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$52.78.

Quebecor Price Performance

Shares of TSE QBR.B opened at C$49.94 on Monday. The company has a market cap of C$11.41 billion, a PE ratio of 14.07, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The business has a 50-day simple moving average of C$51.24 and a two-hundred day simple moving average of C$45.21. Quebecor has a fifty-two week low of C$30.02 and a fifty-two week high of C$53.32.

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

About Quebecor

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.