Quebecor (TSE:QBR.B) Shares Pass Above 200 Day Moving Average – What’s Next?

Quebecor, Inc. (TSE:QBR.B)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.04 and traded as high as C$35.81. Quebecor shares last traded at C$35.47, with a volume of 1,358,235 shares trading hands.

Analysts Set New Price Targets

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

Quebecor Price Performance

The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The firm has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The business has a fifty day moving average of C$32.08 and a two-hundred day moving average of C$33.04.

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.