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

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

Analysts Set New Price Targets

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

Quebecor Stock Down 0.1 %

The firm has a fifty day moving average price of C$34.38 and a 200 day moving average price of C$31.20. 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 company has a market cap 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.