Quebecor (TSE:QBR.B) Reaches New 12-Month High – Should You Buy?

Quebecor, Inc. (TSE:QBR.B)’s share price reached a new 52-week high during mid-day trading 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.

Wall Street Analysts Forecast Growth

QBR.B has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. National Bankshares dropped their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a 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. CIBC dropped their price objective on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. Finally, TD Securities increased their price objective on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$38.33.

Quebecor Price Performance

The company’s 50 day moving average price is C$32.27 and its 200-day moving average price is C$33.10. The company has a market cap of C$5.70 billion, a price-to-earnings ratio of 11.39, a PEG 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.

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.