Quebecor (TSE:QBR.B) Sets New 52-Week High - Here's What Happened

Shares of Quebecor, Inc. (TSE:QBR.B - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$41.52 and last traded at C$41.45, with a volume of 575977 shares. The stock had previously closed at C$40.88.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on QBR.B. Royal Bank Of Canada increased their price objective on shares of Quebecor from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 9th. TD Securities raised their price target on Quebecor from C$44.00 to C$46.00 and gave the stock a "buy" rating in a research report on Tuesday. Scotiabank lifted their price objective on Quebecor from C$36.00 to C$36.50 and gave the company a "sector perform" rating in a research note on Wednesday, April 16th. Finally, National Bankshares increased their target price on Quebecor from C$38.00 to C$40.00 and gave the stock a "sector perform" rating in a research note on Friday, June 6th.

Quebecor Stock Up 0.8%

The business's fifty day moving average is C$38.29 and its two-hundred day moving average is C$35.07. The stock has a market cap of C$6.57 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

Quebecor Company Profile

Quebecor Inc operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, business solutions, cable and mobile telephony, and over-the-top video services; and engages in the rental of movies, televisual products, and video games through its video-on-demand service and video rental stores.