Quebecor (TSE:QBR.B) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Quebecor, Inc. (TSE:QBR.B) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on QBR.B shares. National Bankshares reduced their target price on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. TD Securities raised their price objective on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. CIBC decreased their price target on Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$38.33.

Quebecor Trading Up 0.8 %

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 stock has a fifty day moving average of C$33.67 and a 200-day moving average of C$33.40. The company has a market cap of C$5.73 billion, a PE ratio of 11.45, a PEG ratio of 1.43 and a beta of 0.39.

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.