Quebecor (TSE:QBR.B) Stock Passes Above 200-Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.91 and traded as high as C$33.72. Quebecor shares last traded at C$33.20, with a volume of 537,102 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on QBR.B. National Bankshares decreased their target price on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada raised Quebecor from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$37.00 to C$39.00 in a research note on Wednesday, December 18th. Scotiabank decreased their target price on Quebecor from C$38.00 to C$37.00 in a research note on Tuesday, November 26th. TD Securities lifted their target price on Quebecor from C$39.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, CIBC reduced their price objective on Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and an average target price of C$38.33.

Quebecor Trading Up 0.4 %

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The stock has a 50 day simple moving average of C$31.75 and a 200-day simple moving average of C$32.91. The firm has a market cap of C$5.24 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.43 and a beta of 0.39.

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.