Quebecor (TSE:QBR.B) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$31.12 and traded as high as C$35.74. Quebecor shares last traded at C$35.21, with a volume of 1,715,984 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on QBR.B shares. BMO Capital Markets lifted their price objective on shares of Quebecor from C$35.00 to C$37.00 in a report on Thursday, September 5th. TD Securities lifted their price objective on shares of Quebecor from C$36.00 to C$38.00 in a report on Thursday, October 10th. Royal Bank of Canada lifted their price objective on shares of Quebecor from C$35.00 to C$36.00 in a report on Friday, August 9th. Finally, Scotiabank downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$37.56.

Quebecor Trading Down 0.1 %

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 firm’s 50-day simple moving average is C$34.38 and its 200 day simple moving average is C$31.20. The stock has a market capitalization of C$5.53 billion, a P/E ratio of 11.03, a PEG ratio of 1.43 and a beta of 0.39.

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.