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

Quebecor, Inc. (TSE:QBR.B) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$34.04 and traded as high as C$38.23. Quebecor shares last traded at C$38.03, with a volume of 743,877 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Quebecor from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 9th. CIBC lowered their price target on Quebecor from C$40.00 to C$39.00 in a research report on Monday, February 10th. Scotiabank boosted their target price on Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 16th. Finally, TD Securities decreased their target price on Quebecor from C$45.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, May 9th.

Quebecor Trading Down 0.5%

The stock has a 50-day simple moving average of C$36.77 and a two-hundred day simple moving average of C$34.08. 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 firm has a market cap of C$6.00 billion, a PE ratio of 12.00, a price-to-earnings-growth 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.