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CIBC Increases Quebecor (TSE:QBR.B) Price Target to C$49.00

Quebecor logo with Business Services background

Key Points

  • CIBC has increased its price target for Quebecor (TSE:QBR.B) from C$46.00 to C$49.00, indicating a potential upside of 14.22% from the current price.
  • Other analysts have also revised their ratings, with BMO Capital Markets upgrading Quebecor from "market perform" to "outperform" and increasing its price target to C$47.00.
  • The average price target for Quebecor now stands at C$44.97, with a current stock price of C$42.90 and a "Moderate Buy" rating from analysts.
  • Interested in Quebecor? Here are five stocks we like better.

Quebecor (TSE:QBR.B - Get Free Report) had its target price hoisted by equities research analysts at CIBC from C$46.00 to C$49.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 14.22% from the company's current price.

QBR.B has been the topic of several other research reports. BMO Capital Markets raised shares of Quebecor from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from C$40.00 to C$47.00 in a research note on Thursday, September 4th. Canaccord Genuity Group raised their target price on Quebecor from C$40.75 to C$43.25 in a research note on Thursday, July 10th. TD Securities increased their price target on Quebecor from C$44.00 to C$46.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. National Bankshares increased their price target on Quebecor from C$42.00 to C$45.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Finally, Royal Bank Of Canada downgraded Quebecor from an "outperform" rating to a "sector perform" rating and increased their price target for the company from C$45.00 to C$46.00 in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$44.97.

Check Out Our Latest Analysis on QBR.B

Quebecor Stock Down 0.0%

Shares of TSE QBR.B traded down C$0.02 during trading on Friday, reaching C$42.90. 687,909 shares of the stock were exchanged, compared to its average volume of 990,157. The business's 50-day moving average price is C$42.42 and its 200 day moving average price is C$39.90. Quebecor has a twelve month low of C$30.02 and a twelve month high of C$45.31. 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 market capitalization of C$9.84 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.54.

Quebecor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Quebecor (TSE:QBR.B)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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