Quebecor (TSE:QBR.B) Stock Crosses Above 200 Day Moving Average – Here’s Why

Quebecor, Inc. (TSE:QBR.B) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

Quebecor Stock Up 0.4 %

The firm’s 50-day simple moving average is C$31.74 and its 200 day simple moving average is C$32.82. The company has a market cap of C$5.15 billion, a P/E ratio of 10.29, a PEG ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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.