Quebecor (TSE:QBR.B) Sets New 52-Week High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. 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 target price on Quebecor from C$38.00 to C$37.00 in a research report on Tuesday, November 26th. CIBC dropped their target price on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Finally, TD Securities increased their target price on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Quebecor has an average rating of “Moderate Buy” and an average price target of C$38.33.

Quebecor Stock Performance

The company has a market cap of C$5.73 billion, a P/E ratio of 11.46, a PEG ratio of 1.43 and a beta of 0.39. The company has a 50 day moving average price of C$32.77 and a 200-day moving average price of C$33.21. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.