Quebecor (TSE:QBR.A) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Quebecor, Inc. (TSE:QBR.A) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$48.85 and traded as high as C$52.20. Quebecor shares last traded at C$52.20, with a volume of 1,319 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank boosted their target price 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$43.25.

Quebecor Trading Up 1.1%

The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The business’s fifty day moving average is C$48.85 and its 200 day moving average is C$44.13. The firm has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.44 and a beta of 0.49.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.