Quebecor (TSE:QBR.B) Given New C$60.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its target on Quebecor to C$60.00 (from C$57) with a "sector perform" rating—implying roughly a 7.1% upside—and other brokers have also lifted targets, leaving a MarketBeat consensus target of about C$59.75 and a "Moderate Buy" consensus.
• Shares traded at C$56.00 on the day (52‑week high C$60.73) with a market cap of C$12.69 billion and a P/E of 15.77, placing the stock near analyst target levels.
• In the most recent quarter Quebecor reported C$0.99 EPS on C$1.55 billion of revenue, with a net margin of ~13% and a return on equity of 37.44%, indicating strong profitability.

Quebecor (TSE:QBR.B - Get Free Report) had its price target boosted by equities researchers at Royal Bank Of Canada from C$57.00 to C$60.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential upside of 7.14% from the company's current price.

A number of other analysts have also recently weighed in on QBR.B. National Bank Financial upped their target price on shares of Quebecor from C$54.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday, February 27th. ATB Cormark Capital Markets upped their target price on shares of Quebecor from C$57.00 to C$63.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce upped their target price on shares of Quebecor from C$61.00 to C$66.00 in a research note on Tuesday. TD Securities cut shares of Quebecor from a "buy" rating to a "hold" rating and upped their target price for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. Finally, Scotiabank boosted their price target on shares of Quebecor from C$51.25 to C$54.50 and gave the company a "sector perform" rating in a research report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$59.75.

Quebecor Price Performance

TSE QBR.B traded down C$1.72 on Thursday, reaching C$56.00. The company's stock had a trading volume of 468,689 shares, compared to its average volume of 937,748. The firm has a market cap of C$12.69 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The business has a 50-day moving average price of C$55.94 and a 200 day moving average price of C$51.06. Quebecor has a 52 week low of C$34.36 and a 52 week high of C$60.73. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share for the quarter. The business had revenue of C$1.55 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.

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