Quebecor (TSE:QBR.B) Price Target Raised to C$43.50 at Scotiabank

Key Points

• Scotiabank has raised its target price for Quebecor from C$43.25 to C$43.50, maintaining a "sector perform" rating, indicating a potential upside of 0.67% from the previous close.
• Other analysts like National Bank and CIBC have also increased their target prices significantly, suggesting a general positive outlook for Quebecor with several ratings of "Buy" or "Outperform."
• Quebecor's stock was trading at C$43.21, reflecting a 0.7% increase, amidst a wider performance trend showing a strong market cap of C$9.92 billion.

Quebecor (TSE:QBR.B - Get Free Report) had its target price upped by analysts at Scotiabank from C$43.25 to C$43.50 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective points to a potential upside of 0.67% from the stock's previous close.

A number of other research analysts also recently issued reports on QBR.B. National Bankshares lifted their price target on Quebecor from C$42.00 to C$45.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. CIBC boosted their target price on Quebecor from C$46.00 to C$49.00 in a research note on Friday. Desjardins boosted their target price on Quebecor from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. TD Securities boosted their target price on Quebecor from C$46.00 to C$49.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Royal Bank Of Canada downgraded Quebecor from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from C$45.00 to C$46.00 in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$46.22.

Quebecor Stock Up 0.7%

TSE QBR.B traded up C$0.31 on Monday, reaching C$43.21. 105,754 shares of the stock traded hands, compared to its average volume of 985,694. 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 company has a fifty day moving average price of C$42.52 and a 200-day moving average price of C$39.98. The company has a market cap of C$9.92 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.43 and a beta of 0.54. Quebecor has a 12 month low of C$30.02 and a 12 month high of C$45.31.

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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