Quebecor (TSE:QBR.A) Hits New 12-Month High - Here's Why

Key Points

• Quebecor's stock price reached a new 52-week high of C$46.00, up from a previous close of C$43.75, with 1,705 shares traded on Tuesday.
• Scotiabank updated its price target for Quebecor from C$40.50 to C$43.25, maintaining a "sector perform" rating, contributing to an overall consensus rating of "Hold" for the stock.
• With a market capitalization of C$10.56 billion, Quebecor is the leading telecom provider in Quebec, serving over 1.8 million internet subscribers and approximately 1.6 million mobile subscribers.

Quebecor, Inc. (TSE:QBR.A - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$46.00 and last traded at C$46.00, with a volume of 1705 shares traded. The stock had previously closed at C$43.75.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price objective on Quebecor from C$40.50 to C$43.25 and gave the company a "sector perform" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$43.25.

Quebecor Stock Performance

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 business has a 50-day simple moving average of C$42.72 and a 200-day simple moving average of C$40.54. The firm has a market capitalization of C$10.56 billion, a PE ratio of 13.77, a P/E/G ratio of 1.44 and a beta of 0.51.

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.

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