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

Quebecor, Inc. (TSE:QBR.B) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$58.95.

Several analysts have recently weighed in on QBR.B shares. Desjardins upped their price objective on Quebecor from C$54.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, February 27th. National Bank Financial boosted their price target on shares of Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce upped their price target on shares of Quebecor from C$57.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, February 27th. TD Securities lowered shares of Quebecor from a “buy” rating to a “hold” rating and raised their price objective for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Finally, BMO Capital Markets lifted their price objective on shares of Quebecor from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$58.71 on Monday. The stock has a market cap of C$13.31 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.43 and a beta of 0.87. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. Quebecor has a 12 month low of C$34.36 and a 12 month high of C$60.24. The stock’s 50 day moving average price is C$53.48 and its 200 day moving average price is C$49.70.

Quebecor (TSE:QBR.B) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The firm had revenue of C$1.55 billion during the quarter.

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.