Quebecor (TSE:QBR.B) Stock Passes Above 200 Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$33.28 and traded as high as C$35.78. Quebecor shares last traded at C$35.73, with a volume of 896,796 shares traded.

Analysts Set New Price Targets

QBR.B has been the subject of a number of research analyst reports. TD Securities lifted their price target on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares reduced their price target on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. CIBC reduced their price target on Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. Finally, Scotiabank reduced their price objective on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$38.33.

Quebecor Trading Up 0.8 %

The company has a market cap of C$5.64 billion, a P/E ratio of 11.27, a PEG ratio of 1.43 and a beta of 0.39. The business has a fifty day moving average price of C$33.11 and a 200-day moving average price of C$33.28. 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.