Quebecor (TSE:QBR.B) Price Target Raised to C$71.00

Key Points

• Royal Bank of Canada raised Quebecor’s price target to C$71.00 from C$70.00 while maintaining a “sector perform” rating, implying approximately 4.09% upside.
• Analyst sentiment remains positive overall, with seven Buy ratings and five Holds; MarketBeat reports a consensus rating of “Moderate Buy” and an average target price of C$69.71.
• Quebecor shares rose to C$68.21, near their 52-week high of C$70.75. In its latest quarter, the company reported C$0.97 in EPS and C$1.40 billion in revenue.

Quebecor (TSE:QBR.B - Get Free Report) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$70.00 to C$71.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price points to a potential upside of 4.09% from the stock's current price.

Several other research analysts have also commented on the stock. Scotia lifted their price target on shares of Quebecor from C$54.50 to C$58.00 and gave the company a "sector perform" rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce upped their target price on Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. ATB Cormark Capital Markets raised their price target on Quebecor from C$63.00 to C$69.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Scotiabank boosted their price objective on Quebecor from C$58.00 to C$63.50 and gave the company a "sector perform" rating in a research report on Tuesday, July 7th. Finally, Canaccord Genuity Group lowered Quebecor from a "buy" rating to a "hold" rating and set a C$68.00 target price on the stock. in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$69.71.

Quebecor Stock Performance

Shares of QBR.B stock traded up C$0.99 on Friday, hitting C$68.21. 443,353 shares of the stock traded hands, compared to its average volume of 943,816. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The company has a market capitalization of C$15.37 billion, a PE ratio of 17.76, a PEG ratio of 1.43 and a beta of 0.69. Quebecor has a 1-year low of C$36.94 and a 1-year high of C$70.75. The company's fifty day moving average is C$67.21 and its 200 day moving average is C$60.31.

Quebecor (TSE:QBR.B - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. The firm had revenue of C$1.40 billion during the quarter.

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor TSX: QBR.A TSX: QBR.B employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.

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