Quebecor (TSE:QBR.B) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Quebecor, Inc. (TSE:QBR.B) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.90 and traded as high as C$38.56. Quebecor shares last traded at C$37.78, with a volume of 672,574 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Scotiabank increased their target price on shares of Quebecor from C$36.00 to C$36.50 and gave the company a “sector perform” rating in a research report on Wednesday, April 16th. Royal Bank of Canada upped their price target on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. CIBC cut their price target on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Finally, TD Securities cut their price target on shares of Quebecor from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, May 9th.

Quebecor Trading Up 0.3%

The company’s 50-day moving average price is C$36.52 and its 200-day moving average price is C$33.92. The firm has a market cap of C$5.96 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.