Quebecor (TSE:QBR.A) Reaches New 1-Year High - Time to Buy?

Key Points

• Quebecor's shares reached a new 52-week high of C$45.20, showing a rise of 5.8% from the previous close of C$42.72.
• Scotiabank raised their price target for Quebecor from C$40.50 to C$43.25, maintaining a "sector perform" rating alongside a consensus rating of "Hold."
• Quebecor, a leading telecom provider in Quebec, boasts a market capitalization of C$10.37 billion and significant market shares in both internet and mobile services.

Quebecor, Inc. (TSE:QBR.A - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$45.20 and last traded at C$45.20, with a volume of 56743 shares trading hands. The stock had previously closed at C$42.72.

Analyst Ratings Changes

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

Quebecor Trading Up 5.8%

The firm has a market capitalization of C$10.37 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The business has a fifty day moving average price of C$41.40 and a 200 day moving average price of C$39.76.

Quebecor Company Profile

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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