Quebecor (TSE:QBR.A) Shares Pass Above 50-Day Moving Average – Here’s Why

Quebecor, Inc. (TSE:QBR.A)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$47.19 and traded as high as C$51.35. Quebecor shares last traded at C$51.15, with a volume of 4,951 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased their price target on Quebecor from C$40.50 to C$43.25 and gave the company a “sector perform” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Quebecor has a consensus rating of “Hold” and an average price target of C$43.25.

Quebecor Trading Down 1.6%

The company has a 50-day moving average price of C$47.19 and a two-hundred day moving average price of C$43.11. The stock has a market cap of C$11.69 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.44 and a beta of 0.54. 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

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec.