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

Quebecor, Inc. (TSE:QBR.B)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$33.63 and traded as high as C$36.77. Quebecor shares last traded at C$36.34, with a volume of 374,092 shares.

Wall Street Analyst Weigh In

QBR.B has been the subject of several recent research reports. CIBC lowered their target price on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Royal Bank of Canada boosted their target price on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. National Bankshares dropped their price target on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. TD Securities lifted their price target on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank boosted their price target on shares of Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 16th.

Quebecor Stock Down 0.7 %

The stock has a market cap of C$5.73 billion, a PE ratio of 11.46, a P/E/G ratio of 1.43 and a beta of 0.39. The business has a 50 day simple moving average of C$35.27 and a 200 day simple moving average of C$33.63. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

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.