Quebecor (TSE:QBR.B) Reaches New 12-Month High at $34.79

Quebecor, Inc. (TSE:QBR.B) shares hit a new 52-week high on Tuesday . The company 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

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

Quebecor Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The firm’s 50-day simple moving average is C$31.88 and its two-hundred day simple moving average is C$30.39. The company has a market cap of C$5.36 billion, a PE ratio of 10.72, a P/E/G ratio of 1.43 and a beta of 0.38.

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.