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Quebecor (TSE:QBR.B) Stock Rating Upgraded by National Bankshares

Quebecor logo with Business Services background

Key Points

  • Quebecor has been upgraded by National Bankshares from a "sector perform" rating to an "outperform" rating, with a price target of C$42.00, indicating a potential upside of 7.66% from its closing price.
  • The stock price of Quebecor increased by 2.0%, reaching C$39.01 during Tuesday's trading session, with a current market capitalization of C$6.15 billion.
  • Other research firms have also modified their price targets on Quebecor, with estimates ranging from C$36.50 to C$46.00, showing a consensus rating of "Moderate Buy".
  • Need better tools to track Quebecor? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Quebecor (TSE:QBR.B - Get Free Report) was upgraded by equities research analysts at National Bankshares from a "sector perform" rating to an "outperform" rating in a report released on Tuesday,BayStreet.CA reports. The firm currently has a C$42.00 price objective on the stock. National Bankshares' price objective indicates a potential upside of 3.78% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group boosted their target price on Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. Scotiabank upped their price objective on Quebecor from C$36.00 to C$36.50 and gave the company a "sector perform" rating in a research report on Wednesday, April 16th. TD Securities upped 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, June 24th. Finally, Desjardins reduced their price target on Quebecor from C$44.00 to C$43.00 and set a "buy" rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$40.97.

Get Our Latest Stock Report on Quebecor

Quebecor Price Performance

TSE:QBR.B traded up C$0.49 during mid-day trading on Tuesday, reaching C$40.47. The stock had a trading volume of 2,114,909 shares, compared to its average volume of 899,454. The firm has a 50 day moving average price of C$40.05 and a two-hundred day moving average price of C$37.26. The stock has a market capitalization of C$6.39 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.43 and a beta of 0.39. Quebecor has a one year low of C$30.02 and a one year high of C$41.99. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

About Quebecor

(Get Free Report)

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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Analyst Recommendations for Quebecor (TSE:QBR.B)

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