Quebecor (TSE:QBR.B) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Quebecor, Inc. (TSE:QBR.B)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$33.40 and traded as high as C$36.47. Quebecor shares last traded at C$36.31, with a volume of 684,180 shares traded.

Wall Street Analyst Weigh In

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

Quebecor Price Performance

The company has a 50 day moving average price of C$33.67 and a 200-day moving average price of C$33.40. The company has a market cap of C$5.73 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.