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Quebecor (TSE:QBR.A) Shares Cross Above Fifty Day Moving Average - What's Next?

Quebecor logo with Business Services background

Key Points

  • Quebecor's share price has recently surpassed its 50-day moving average of C$40.77, reaching a high of C$41.42 during trading.
  • The company has a market cap of C$3.10 billion and significant telecom market presence in Quebec, with over 1.8 million internet subscribers and 1.6 million mobile subscribers.
  • Quebecor's financial metrics include a debt-to-equity ratio of 363.97 and a price-to-earnings ratio of 12.77, indicating potential investor considerations.
  • MarketBeat previews top five stocks to own in October.

Quebecor, Inc. (TSE:QBR.A - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$40.77 and traded as high as C$41.42. Quebecor shares last traded at C$40.47, with a volume of 615 shares trading hands.

Quebecor Stock Performance

The company has a market cap of C$3.13 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.44 and a beta of 0.39. 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 stock's 50-day moving average price is C$40.90 and its 200 day moving average price is C$38.15.

About Quebecor

(Get Free Report)

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.

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