Quebecor (TSE:QBR.B) Price Target Raised to C$45.00

Key Points

• The price target for Quebecor shares has been raised from C$42.00 to C$45.00 by National Bankshares, indicating a potential upside of 3.21% from the current price.
• Five research analysts have rated Quebecor stock with a Buy rating, while the average target price stands at C$42.59, reflecting a Moderate Buy consensus.
• Quebecor's stock recently traded at C$43.60, with a year high of C$44.22 and a debt-to-equity ratio of 363.97, highlighting some financial leverage.

Quebecor (TSE:QBR.B - Free Report) had its target price upped by National Bankshares from C$42.00 to C$45.00 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on QBR.B. TD Securities lifted their price target on shares of Quebecor from C$44.00 to C$46.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Canaccord Genuity Group raised their price objective on Quebecor from C$40.75 to C$43.25 in a research note on Thursday, July 10th. Desjardins cut their price target on Quebecor from C$44.00 to C$43.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, BMO Capital Markets upgraded shares of Quebecor from a "market perform" rating to an "outperform" rating and raised their target price for the stock from C$40.00 to C$47.00 in a research report on Thursday, September 4th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$42.59.

Quebecor Trading Down 1.2%

QBR.B stock traded down C$0.52 during trading on Wednesday, reaching C$42.60. 2,564,711 shares of the stock were exchanged, compared to its average volume of 1,020,359. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$9.78 billion, a price-to-earnings ratio of 12.75, a P/E/G ratio of 1.43 and a beta of 0.64. The business has a 50 day moving average price of C$40.90 and a 200-day moving average price of C$38.93. Quebecor has a 1 year low of C$30.02 and a 1 year high of C$44.22.

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.