Quebecor (TSE:QBR.A) Stock Price Target Lowered at National Bank Financial

Key Points

• National Bank Financial lowered Quebecor’s price target from C$74.00 to C$71.00 while maintaining an “outperform” rating, implying 12.86% potential upside from the prior close.
• Analyst sentiment remains positive overall, with Quebecor carrying a “Moderate Buy” consensus rating and an average price target of C$71.50.
• Quebecor’s stock closed at C$62.91, while the company reported quarterly EPS of C$1.07 and revenue of C$1.44 billion; analysts expect full-year EPS of C$3.47.

Quebecor (TSE:QBR.A - Get Free Report) had its target price lowered by analysts at National Bank Financial from C$74.00 to C$71.00 in a note issued to investors on Wednesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 12.86% from the company's previous close.

QBR.A has been the subject of several other research reports. Desjardins cut their price objective on Quebecor from C$76.00 to C$74.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Raymond James Financial set a C$72.00 target price on Quebecor and gave the stock a "market perform" rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Quebecor currently has an average rating of "Moderate Buy" and a consensus price target of C$71.50.

Quebecor Price Performance

TSE:QBR.A remained flat at C$62.91 on Wednesday. 114 shares of the company's stock were exchanged, compared to its average volume of 1,084. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm has a market cap of C$14.06 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.44 and a beta of 0.62. Quebecor has a 52-week low of C$43.18 and a 52-week high of C$71.89. The stock's fifty day simple moving average is C$63.79 and its two-hundred day simple moving average is C$63.82.

Quebecor (TSE:QBR.A - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.07 earnings per share (EPS) for the quarter. The company had revenue of C$1.44 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. Sell-side analysts predict that Quebecor will post 3.47 earnings per share for the current fiscal year.

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.

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