Quebecor (TSE:QBR.A) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Quebecor, Inc. (TSE:QBR.A) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$63.43 and traded as high as C$64.27. Quebecor shares last traded at C$64.27, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on QBR.A shares. Raymond James Financial set a C$72.00 target price on shares of Quebecor and gave the company a “market perform” rating in a research report on Thursday, July 16th. National Bank Financial lowered their price target on shares of Quebecor from C$74.00 to C$71.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Finally, Desjardins cut their price target on shares of Quebecor from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$71.50.

Quebecor Stock Performance

The company has a market cap of C$14.36 billion, a P/E ratio of 15.75, a PEG ratio of 1.44 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The business has a 50 day moving average price of C$63.41 and a 200-day moving average price of C$64.09.

Quebecor (TSE:QBR.A) last released its earnings results on Thursday, August 6th. The company reported C$1.07 earnings per share for the quarter. The business had revenue of C$1.44 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. Analysts forecast that Quebecor, Inc. will post 3.47 earnings per share for the current fiscal year.

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.