Quebecor (TSE:QBR.B) Hits New 52-Week High at $34.79

Quebecor, Inc. (TSE:QBR.B) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$34.79 and last traded at C$34.66, with a volume of 16976 shares changing hands. The stock had previously closed at C$34.55.

Analyst Ratings Changes

Several brokerages have commented on QBR.B. TD Securities raised their target price on shares of Quebecor from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada raised their price objective on shares of Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets increased their target price on Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$37.44.

Quebecor Stock Performance

The company has a market cap of C$5.39 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.43 and a beta of 0.38. 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 firm has a fifty day simple moving average of C$31.65 and a 200 day simple moving average of C$30.35.

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.