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

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$36.25 and last traded at C$36.14, with a volume of 57262 shares. The stock had previously closed at C$35.69.

Analysts Set New Price Targets

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

Quebecor Stock Up 0.1 %

The firm's 50-day simple moving average is C$32.47 and its 200-day simple moving average is C$33.14. The company has a market capitalization of C$5.77 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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About Quebecor

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.