Quebecor (TSE:QBR.B) PT Set at C$61.00 by Desjardins

Key Points

• Desjardins set a C$61.00 price target and a buy rating on Quebecor, implying about a 5.52% upside from the prior close.
• Analyst sentiment is broadly positive with six Buys and four Holds, a consensus rating of “Moderate Buy” and a consensus target of C$59.45 after several recent target/upgrade moves by BMO, ATB Cormark, Canaccord, RBC and TD.
• Quebecor reported quarterly EPS of C$0.99 on C$1.55 billion revenue; key metrics include a C$13.11 billion market cap, P/E of 16.28 and a very high debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B - Get Free Report) received a C$61.00 price objective from research analysts at Desjardins in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 5.52% from the company's previous close.

Other research analysts also recently issued reports about the company. BMO Capital Markets upped their price target on Quebecor from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. ATB Cormark Capital Markets upped their price objective on Quebecor from C$57.00 to C$63.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Canaccord Genuity Group raised Quebecor from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$51.25 to C$60.00 in a report on Monday, March 2nd. Royal Bank Of Canada upped their price objective on Quebecor from C$52.00 to C$57.00 and gave the stock a "sector perform" rating in a report on Friday, February 27th. Finally, TD Securities cut Quebecor from a "buy" rating to a "hold" rating and upped their price objective for the stock from C$58.00 to C$60.00 in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$59.45.

Quebecor Price Performance

QBR.B stock traded down C$0.20 during midday trading on Tuesday, hitting C$57.81. The company's stock had a trading volume of 405,281 shares, compared to its average volume of 923,807. Quebecor has a 12 month low of C$34.36 and a 12 month high of C$60.73. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The firm has a market capitalization of C$13.11 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68. The company has a 50 day moving average of C$55.61 and a two-hundred day moving average of C$50.91.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.