Quebecor (TSE:QBR.B) Stock Passes 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 Wednesday . The stock has a 200-day moving average of C$59.18 and traded as high as C$67.68. Quebecor shares last traded at C$67.36, with a volume of 557,775 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotia raised their price objective on shares of Quebecor from C$54.50 to C$58.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce upped their target price on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Royal Bank Of Canada increased their target price on shares of Quebecor from C$64.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Friday, July 10th. TD raised their price target on shares of Quebecor from C$69.00 to C$78.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Scotiabank raised their price target on shares of Quebecor from C$58.00 to C$63.50 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.79.

Quebecor Trading Down 1.3%

The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market cap of C$14.72 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.43 and a beta of 0.68. The stock has a 50-day moving average price of C$67.35 and a 200-day moving average price of C$59.28.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The company had revenue of C$1.40 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.