Quebecor (TSE:QBR.B) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has increased its target price for Quebecor stock from C$46.00 to C$49.00, reflecting a potential upside of 13.40% from the previous close.
• Several analysts have given Quebecor ratings ranging from "Buy" to "Hold," with a consensus rating of "Moderate Buy" and an average target price of C$46.22.
• Quebecor currently has a market capitalization of C$9.92 billion and operates as a leading telecom provider in Quebec, serving over 1.8 million internet subscribers.

Quebecor (TSE:QBR.B - Get Free Report) had its target price increased by equities research analysts at TD Securities from C$46.00 to C$49.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 13.40% from the stock's previous close.

Several other equities research analysts also recently weighed in on the company. Canaccord Genuity Group upped their price target on Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. CIBC upped their price objective on Quebecor from C$46.00 to C$49.00 in a research report on Friday. Royal Bank Of Canada cut Quebecor from an "outperform" rating to a "sector perform" rating and upped their price objective for the stock from C$45.00 to C$46.00 in a research report on Wednesday, October 15th. BMO Capital Markets raised Quebecor from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from C$40.00 to C$47.00 in a research report on Thursday, September 4th. Finally, National Bankshares upped their price objective on Quebecor from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$46.22.

Quebecor Stock Up 0.7%

TSE QBR.B traded up C$0.31 during trading hours on Monday, hitting C$43.21. 105,754 shares of the company were exchanged, compared to its average volume of 985,694. The company has a 50 day moving average of C$42.52 and a two-hundred day moving average of C$39.98. 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 has a 52-week low of C$30.02 and a 52-week high of C$45.31. The firm has a market cap of C$9.92 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.43 and a beta of 0.54.

About Quebecor

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.

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