Quebecor (TSE:QBR.B) Stock Passes Above 200 Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$33.28 and traded as high as C$35.78. Quebecor shares last traded at C$35.73, with a volume of 896,796 shares.

Analyst Ratings Changes

Several research analysts have recently issued reports on QBR.B shares. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$37.00 to C$39.00 in a research report on Wednesday, December 18th. National Bankshares dropped their price objective on 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 raised their price objective on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC dropped their price objective on Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Finally, Scotiabank dropped their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$38.33.

Quebecor Price Performance

The company has a market cap of C$5.64 billion, a P/E ratio of 11.27, a PEG ratio of 1.43 and a beta of 0.39. The company has a fifty day moving average price of C$33.11 and a two-hundred day moving average price of C$33.28. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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.