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

Quebecor, Inc. (TSE:QBR.B) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$52.72.

A number of analysts have issued reports on the stock. Royal Bank Of Canada lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. National Bankshares cut shares of Quebecor from an “outperform” rating to a “sector perform” rating and set a C$54.00 price objective for the company. in a report on Wednesday, November 19th. Desjardins increased their target price on shares of Quebecor from C$53.00 to C$54.00 and gave the stock a “buy” rating in a report on Monday, January 12th. BMO Capital Markets raised their price target on shares of Quebecor from C$47.00 to C$53.00 in a research report on Monday, November 10th. Finally, CIBC boosted their price target on shares of Quebecor from C$54.00 to C$57.00 in a research note on Tuesday, December 9th.

Quebecor Trading Up 2.2%

QBR.B opened at C$49.67 on Friday. Quebecor has a 52 week low of C$31.71 and a 52 week high of C$53.32. 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 business has a fifty day simple moving average of C$50.95 and a 200-day simple moving average of C$45.92. The firm has a market cap of C$11.35 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.43 and a beta of 0.67.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$1.05 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$1.41 billion for 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.