Quebecor (TSE:QBR.A) Reaches New 12-Month High - What's Next?

Key Points

• Quebecor's stock price reached a new 52-week high of C$44.76 during trading, up from the previous close of C$43.92, with a trading volume of 1,531 shares.
• Scotiabank upgraded Quebecor's price target from C$40.50 to C$43.25 and maintained a "sector perform" rating, reflecting a positive outlook on the company's performance.
• Quebecor serves as the leading telecom provider in Quebec, boasting over 1.8 million internet subscribers and a significant share in the mobile market with about 1.6 million subscribers.

Quebecor, Inc. (TSE:QBR.A - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$44.76 and last traded at C$44.76, with a volume of 1531 shares. The stock had previously closed at C$43.92.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$43.25.

Quebecor Stock Performance

The business's fifty day moving average is C$41.34 and its 200-day moving average is C$39.20. 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 cap of C$9.88 billion, a PE ratio of 12.89, a P/E/G ratio of 1.44 and a beta of 0.60.

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.