Quebecor (TSE:QBR.B) Hits New 12-Month High - Time to Buy?

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$40.83 and last traded at C$40.67, with a volume of 657823 shares trading hands. The stock had previously closed at C$40.65.

Wall Street Analyst Weigh In

Several analysts have commented on QBR.B shares. TD Securities cut their target price on Quebecor from C$45.00 to C$44.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. National Bankshares increased their target price on Quebecor from C$38.00 to C$40.00 and gave the company a "sector perform" rating in a research note on Friday, June 6th. Royal Bank Of Canada increased their target price on Quebecor from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research note on Wednesday, April 9th. Finally, Scotiabank increased their price target on Quebecor from C$36.00 to C$36.50 and gave the company a "sector perform" rating in a report on Wednesday, April 16th.

Quebecor Trading Up 1.9%

The firm has a market capitalization of C$6.45 billion, a P/E ratio of 12.90, a PEG ratio of 1.43 and a beta of 0.39. The stock has a fifty day simple moving average of C$38.04 and a 200 day simple moving average of C$34.94. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Quebecor Company Profile

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.