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

Quebecor (TSE:QBR.B) had its price objective raised by Scotiabank from C$48.00 to C$51.75 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 3.62% from the stock’s previous close.

Several other analysts have also commented on QBR.B. BMO Capital Markets lifted their price objective on Quebecor from C$47.00 to C$53.00 in a report on Monday, November 10th. National Bankshares cut Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 target price on the stock. in a research report on Wednesday, November 19th. Desjardins upped their price target on shares of Quebecor from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Royal Bank Of Canada cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. Finally, CIBC boosted their target price on shares of Quebecor from C$54.00 to C$57.00 in a research report on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$52.78.

Quebecor Stock Performance

Shares of QBR.B stock opened at C$49.94 on Monday. 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 50 day moving average price of C$51.24 and a 200-day moving average price of C$45.21. Quebecor has a 52 week low of C$30.02 and a 52 week high of C$53.32. The firm has a market capitalization 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.

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