Quebecor (TSE:QBR.B) Hits New 12-Month High - Here's Why

Shares of Quebecor, Inc. (TSE:QBR.B - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$37.13 and last traded at C$36.70, with a volume of 79609 shares changing hands. The stock had previously closed at C$36.60.

Analyst Ratings Changes

Several research analysts have issued reports on the company. National Bankshares dropped their target price on Quebecor from C$40.00 to C$38.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Scotiabank dropped their price objective on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. TD Securities upped their target price on shares of Quebecor from C$39.00 to C$40.00 and gave the company a "buy" rating in a report on Thursday, January 30th. CIBC decreased their price target on shares of Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised shares of Quebecor from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$38.33.

Quebecor Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The company has a market cap of C$5.72 billion, a P/E ratio of 11.44, a PEG ratio of 1.43 and a beta of 0.39. The business's 50 day simple moving average is C$32.87 and its 200 day simple moving average is C$33.23.

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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.