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Quebecor (TSE:QBR.A) Share Price Passes Above 50-Day Moving Average - Here's Why

Quebecor logo with Business Services background

Quebecor, Inc. (TSE:QBR.A - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$38.28 and traded as high as C$40.81. Quebecor shares last traded at C$40.81, with a volume of 310 shares changing hands.

Quebecor Stock Performance

The firm has a market capitalization of C$3.09 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.44 and a beta of 0.39. The stock's 50-day simple moving average is C$38.54 and its two-hundred day simple moving average is C$35.58. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

About Quebecor

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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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