Quebecor (TSE:QBR.B) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Quebecor, Inc. (TSE:QBR.B)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.48 and traded as high as C$39.21. Quebecor shares last traded at C$38.95, with a volume of 537,931 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on QBR.B shares. Royal Bank of Canada upped their price objective on Quebecor from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. National Bankshares upped their price target on Quebecor from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a report on Friday. CIBC lowered their price target on Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. TD Securities lowered their target price on shares of Quebecor from C$45.00 to C$44.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Scotiabank upped their target price on shares of Quebecor from C$36.00 to C$36.50 and gave the company a “sector perform” rating in a report on Wednesday, April 16th.

Quebecor Price Performance

The firm has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a fifty day moving average price of C$37.26 and a two-hundred day moving average price of C$34.48. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.