Quebecor (TSE:QBR.B) Reaches New 1-Year High – Should You Buy?

Quebecor, Inc. (TSE:QBR.B)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$37.68 and last traded at C$36.81, with a volume of 51016 shares changing hands. The stock had previously closed at C$36.80.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QBR.B. CIBC lowered their price target on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. National Bankshares lowered 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 research note on Friday, January 3rd. Finally, TD Securities lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.33.

Quebecor Trading Down 0.5 %

The business’s 50 day simple moving average is C$33.91 and its 200 day simple moving average is C$33.44. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The company has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39.

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.