Quebecor (TSE:QBR.B) Hits New 1-Year High - Here's Why

Key Points

• Quebecor's stock reached a new 52-week high at C$44.22 with a last trading price of C$43.37, reflecting significant trading activity with 36,425 shares exchanged.
• Analyst ratings are generally positive, with five analysts issuing a "Buy" rating and a consensus price target of C$42.22, despite some recent downgrades in price objectives by certain firms.
• The company's strong position in the telecom sector is evident, providing services to over 60% of homes it serves, with a noteworthy market capitalization of C$10.05 billion and a P/E ratio of 13.11.

Shares of Quebecor, Inc. (TSE:QBR.B - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$44.22 and last traded at C$43.37, with a volume of 36425 shares. The stock had previously closed at C$43.70.

Analyst Upgrades and Downgrades

QBR.B has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on shares of Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. BMO Capital Markets upgraded shares of Quebecor from a "market perform" rating to an "outperform" rating and upped their target price for the stock from C$40.00 to C$47.00 in a research report on Thursday, September 4th. National Bankshares upped their target price on shares of Quebecor from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a research report on Wednesday. Desjardins dropped their price target on shares of Quebecor from C$44.00 to C$43.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, TD Securities boosted 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. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Quebecor has a consensus rating of "Moderate Buy" and a consensus target price of C$42.59.

Quebecor Price Performance

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 stock has a market cap of C$9.78 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.43 and a beta of 0.64. The company's 50 day simple moving average is C$40.90 and its 200 day simple moving average is C$38.93.

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.