Quebecor Inc (QBR-B.TO) is experiencing steady performance this week with positive momentum amid recent news.
Quebecor Inc has seen a modest increase in its stock price, up 1.94% over the past week. This uptick is due to new developments in its sports broadcasting agreements, positioning the company as a key player in the French-language hockey market.
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Quebecor Inc
QBR-B.TO
QBR-B.TO
Quebecor Inc
WealthAwesomeMarket cap
$14.44B
P/E
15.7x
Div. yield
2.39%
Div. / share
$1.50
52W high
$70.23
52W low
$40.46
1W change
+1.94%
Beta
0.60
Analyst Price Targets
Based on analyst covering QBR-B
Wall Street analysts forecast QBR-B stock price to rise 14.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$73.73
+14.3% Upside
Current Price
C$64.52
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on QBR-B's historical volatility
30-Day Vol
29.2%
Annualized
90-Day Vol
27.5%
Annualized
Trend (90d)
-18.8%
Annualized drift
90d Mean
C$60.34
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$63.09 | C$57.04 โ C$69.79 |
| 60 trading days | C$61.70 | C$53.50 โ C$71.16 |
| 90 trading days | C$60.34 | C$50.67 โ C$71.85 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: The recent sublicensing deals enhance Quebecor's position in the competitive sports broadcasting landscape, potentially driving subscriber growth and advertising revenue. Investors should keep an eye on how these agreements affect the company's future earnings and market presence.
Quebecor's Stock Up 1.94% This Week Amid New Broadcasting Deals
With a market cap of approximately C$14.4 billion and a P/E ratio of 15.70, Quebecor is well-positioned within the Communication Services sector, reflecting its potential for sustainable growth.
Bull case
The new NHL sublicensing deal reinforces Quebecor's brand as a leading broadcaster in French, which could lead to increased viewership and advertising revenue. The company's strong fundamentals, including a solid profit margin and return on equity, support a positive outlook.
Bear case
Despite the positive news, Quebecor's stock has seen a slight decline over the past month, and lower trading volumes compared to the 20-day average may indicate reduced investor interest. Additionally, the stock's beta of 0.60 suggests lower volatility compared to the market, which may limit rapid price movements.
Recent Price Action
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Quebecor Inc's stock closed at C$64.71, reflecting a daily increase of 0.72%. Over the past week, the stock has gained 1.94%, showcasing resilient performance amid recent developments. Year-to-date, Quebecor's stock has appreciated significantly, up 24.01%, indicating strong recovery and investor confidence.
Catalysts Behind the Movement
Recent news has played a crucial role in Quebecor's stock performance. The announcement of a new sublicensing deal with Rogers for NHL games in French positions TVA Sports as a premier destination for hockey broadcasts. This strategic move is expected to enhance viewership and advertising potential, solidifying Quebecor's presence in the competitive sports broadcasting market.
Technical Picture
Analyzing the technical indicators, Quebecor's stock is currently trading slightly below its 50-day moving average of C$65.06, which is a minor concern as it reflects a 0.5% decrease from the average. However, the stock is well above its 200-day moving average of C$59.08, indicating a strong long-term trend. The 52-week range of C$40.46 to C$70.23 shows that the stock is currently trading at 81% of its range, suggesting room for growth. With a beta of 0.60, the stock displays lower volatility, which may appeal to conservative investors.
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