Quebecor, Inc. (TSE:QBR.B) Stock Has Consensus Price Target 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: targets range from C$63.50 to C$75.00, while Raymond James upgraded the stock to “outperform” and Canaccord Genuity downgraded it to “hold.”
• Quebecor shares opened at C$64.65, near their 50-day and 200-day moving averages, with a C$41.56–C$70.75 52-week trading range and a market capitalization of approximately C$14.45 billion.

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

QBR.B has been the topic of several research reports. Royal Bank Of Canada increased their target price on Quebecor from C$70.00 to C$71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 7th. National Bank Financial lifted their target price on Quebecor from C$67.00 to C$74.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. Scotiabank boosted their price target on shares of 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. Raymond James Financial raised shares of Quebecor from a "market perform" rating to an "outperform" rating and increased their price target for the stock from C$72.00 to C$75.00 in a research report on Tuesday, September 15th. Finally, Canaccord Genuity Group lowered shares of Quebecor from a "buy" rating to a "hold" rating and set a C$68.00 price objective for the company. in a research note on Friday, July 10th.

Quebecor Trading Up 0.4%

QBR.B opened at C$64.65 on Friday. Quebecor has a 52 week low of C$41.56 and a 52 week high of C$70.75. The business has a fifty day simple moving average of C$63.58 and a 200-day simple moving average of C$63.34. The firm has a market cap of C$14.45 billion, a P/E ratio of 15.85, a P/E/G ratio of 1.43 and a beta of 0.56. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

About Quebecor

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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