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Quebecor (TSE:QBR.B) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Quebecor logo with Business Services background

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.94 and traded as high as C$35.29. Quebecor shares last traded at C$34.34, with a volume of 603,452 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on QBR.B shares. Scotiabank lowered shares of Quebecor from an "outperform" rating to a "sector perform" rating in a report on Thursday, October 10th. TD Securities lifted their target price on shares of Quebecor from C$36.00 to C$38.00 in a report on Thursday, October 10th. BMO Capital Markets lifted their target price on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. Finally, Royal Bank of Canada lifted their target price on shares of Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$37.56.

View Our Latest Research Report on QBR.B

Quebecor Price Performance

The company's 50-day moving average price is C$34.12 and its two-hundred day moving average price is C$30.94. The company has a market cap of C$5.42 billion, a P/E ratio of 10.83, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

About Quebecor

(Get Free Report)

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.

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