Quebecor (TSE:QBR.B) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Quebecor, Inc. (TSE:QBR.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$31.51 and traded as high as C$32.24. Quebecor shares last traded at C$32.00, with a volume of 667,667 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Royal Bank of Canada cut their target price on shares of Quebecor from C$38.00 to C$37.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a research note on Thursday, September 5th. CIBC increased their target price on Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. TD Securities reduced their price target on Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Scotiabank lowered Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy” and a consensus target price of C$37.94.

Quebecor Trading Down 0.4 %

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 company has a market cap of C$5.05 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.43 and a beta of 0.39. The company’s fifty day moving average is C$34.49 and its two-hundred day moving average is C$31.51.

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.