Quebecor Inc's stock has experienced fluctuations amid recent developments in its broadcasting rights.
This week, Quebecor Inc (QBR-A.TO) saw a slight decline of 1.12%, closing at C$62.00. The company made headlines with new broadcasting deals that could impact its market position in the competitive communication services sector.
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Quebecor Inc
QBR-A.TO
QBR-A.TO
Quebecor Inc
WealthAwesomeMarket cap
$13.97B
P/E
15.2x
Div. yield
2.42%
Div. / share
$1.50
52W high
$70.95
52W low
$39.44
1W change
-1.12%
Beta
0.60
Analyst Price Targets
Based on analyst covering QBR-A
Wall Street analysts forecast QBR-A stock price to fall 8.1% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$57.00
-8.1% Upside
Current Price
C$62.00
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-A's historical volatility
30-Day Vol
29.6%
Annualized
90-Day Vol
34.4%
Annualized
Trend (90d)
-38.8%
Annualized drift
90d Mean
C$53.98
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$59.20 | C$53.44 โ C$65.58 |
| 60 trading days | C$56.53 | C$48.92 โ C$65.33 |
| 90 trading days | C$53.98 | C$45.21 โ C$64.44 |
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: Investors should monitor Quebecor's performance closely, especially with its recent sublicensing agreements. While the stock has shown resilience with a year-to-date increase of 19.37%, current technical indicators suggest caution.
Quebecor Inc's Stock Remains in a 52-Week Range of C$39.44 โ C$70.95.
Currently, the stock is trading at 72% of its 52-week range, indicating potential volatility as it approaches both support and resistance levels.
Bull case
The recent NHL sublicensing agreements could strengthen Quebecor's position in the sports broadcasting market. This move may drive revenue growth and improve investor sentiment.
Bear case
Despite the new deals, the stock's recent performance and the moderately bearish outlook from analysts suggest potential challenges ahead. There may be price pressure against the 50-day moving average.
Recent Company News
Quebecor Inc has secured a new NHL sublicensing deal that positions TVA Sports as a premier destination for hockey in French. This agreement, along with a 12-year sublicensing deal with Rogers for national NHL games in French, aims to enhance Quebecor's broadcasting capabilities and attract a larger audience.
Technical Picture
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As of the last close at C$62.00, Quebecor's stock is trading below its 50-day moving average of C$66.23, indicating a potential bearish trend. The stock has a 200-day moving average of C$59.10, which it is currently above by 4.9%. With a beta of 0.60, Quebecor is considered less volatile compared to the broader market. The stock has experienced a volume of 133 shares against a 20-day average volume of 507 shares, reflecting lower trading activity.
Analyst Outlook
Analysts have set an average target price of C$57.00 for Quebecor Inc, suggesting an implied move to target of -8.1%. This moderately bearish outlook indicates that analysts are cautious about the stock's near-term performance, especially as it approaches critical technical levels.
Insider Activity
Currently, there are no notable insider activities reported for Quebecor Inc, which may suggest stability in management and governance at this time.
Price Action Summary
Quebecor Inc closed at C$62.00, remaining unchanged on the day. The stock has seen a decline of 1.12% over the past week and a significant drop of 10.70% over the last month, although it maintains a year-to-date gain of 19.37%.
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