Desjardins Issues Positive Forecast for Quebecor (TSE:QBR.B) Stock Price

Quebecor (TSE:QBR.B) had its price target increased by Desjardins from C$66.00 to C$72.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on QBR.B. National Bank Financial lifted their price target 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. BMO Capital Markets increased their price objective on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD lifted their target price on Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada boosted their target price on Quebecor from C$64.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Friday, July 10th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Quebecor from C$67.00 to C$78.00 in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.79.

Quebecor Stock Up 0.5%

Shares of QBR.B opened at C$66.61 on Wednesday. The company has a market capitalization of C$15.01 billion, a P/E ratio of 17.35, a PEG ratio of 1.43 and a beta of 0.68. Quebecor has a one year low of C$36.68 and a one year high of C$70.75. The business’s 50 day simple moving average is C$66.22 and its 200-day simple moving average is C$58.63. 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 (TSE:QBR.B) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The business had revenue of C$1.40 billion during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

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.