Quebecor, Inc. (TSE:QBR.B) Stock Has Average Target Price of C$70.12 According to Analysts

Key Points

• Quebecor has a “Moderate Buy” consensus rating from 13 analysts, with eight buy ratings and five holds. The average 12-month price target is C$70.12.
• Recent analyst actions were mixed but generally positive: Raymond James upgraded the stock to “outperform” and raised its target to C$75, while RBC, Scotia and Scotiabank increased targets but maintained “sector perform” ratings. Canaccord Genuity downgraded Quebecor to “hold” with a C$68 target.
• Quebecor shares opened at C$67.30, near the analyst consensus target, and the company has a C$15.04 billion market capitalization. Shares have traded between C$44.01 and C$70.75 over the past year.

Shares of Quebecor, Inc. (TSE:QBR.B - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$70.12.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of Quebecor from C$70.00 to C$71.00 and gave the stock a "sector perform" rating in a report on Friday, August 7th. Raymond James Financial raised Quebecor from a "market perform" rating to an "outperform" rating and raised their price target for the company from C$72.00 to C$75.00 in a report on Tuesday, September 15th. Scotia boosted their price objective on Quebecor from C$63.50 to C$66.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Scotiabank upped their price objective on Quebecor from C$58.00 to C$63.50 and gave the stock a "sector perform" rating in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group cut Quebecor from a "buy" rating to a "hold" rating and set a C$68.00 target price for the company. in a research report on Friday, July 10th.

Quebecor Price Performance

Shares of TSE:QBR.B opened at C$67.30 on Tuesday. 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 1-year low of C$44.01 and a 1-year high of C$70.75. The company has a market capitalization of C$15.04 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.43 and a beta of 0.56. The firm's 50 day simple moving average is C$63.68 and its two-hundred day simple moving average is C$61.23.

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.

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