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

Quebecor, Inc. (TSE:QBR.B)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

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

Quebecor Stock Up 0.3 %

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 firm has a market capitalization of C$5.65 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.43 and a beta of 0.39. The firm has a fifty day moving average price of C$33.19 and a 200 day moving average price of C$33.30.

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.