Quebecor (TSE:QBR.B) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Quebecor, Inc. (TSE:QBR.B)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$54.99 and traded as high as C$68.20. Quebecor shares last traded at C$68.19, with a volume of 1,120,277 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on QBR.B. TD Securities downgraded shares of Quebecor from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. National Bank Financial upped their price objective on Quebecor from C$59.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Scotiabank upped their price objective on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. TD upped their price objective on Quebecor from C$63.00 to C$69.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, BMO Capital Markets upped their price objective on Quebecor from C$63.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Quebecor has an average rating of “Moderate Buy” and an average target price of C$63.71.

Quebecor Trading Up 2.9%

The company has a market cap of C$15.81 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.43 and a beta of 0.75. The firm has a 50 day moving average price of C$59.81 and a two-hundred day moving average price of C$55.23. 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 (TSE:QBR.B) last issued its quarterly earnings results 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 during the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.