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

Quebecor, Inc. (TSE:QBR.B)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$32.79 and traded as high as C$33.20. Quebecor shares last traded at C$32.57, with a volume of 289,414 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. CIBC lowered their price target on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. TD Securities raised their price target on shares of Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Scotiabank lowered their price target on shares of Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. National Bankshares lowered their price objective on shares of Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$37.79.

Quebecor Stock Down 1.2 %

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a market capitalization of C$5.14 billion, a PE ratio of 10.27, a P/E/G ratio of 1.43 and a beta of 0.39. The stock’s fifty day simple moving average is C$31.76 and its 200-day simple moving average is C$32.79.

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.