Quebecor (TSE:QBR.B) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Quebecor’s shares rose above their 200-day moving average, reaching C$66.15 before closing at C$65.59, compared with a 200-day average of C$60.94.
• Analyst sentiment is positive: seven analysts rate the stock Buy and five rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of C$69.71.
• Quebecor reported quarterly earnings of C$0.97 per share on C$1.40 billion in revenue, with a 37.44% return on equity and a 12.99% net margin; however, its debt-to-equity ratio remains high at 363.97.

Quebecor, Inc. (TSE:QBR.B - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$60.94 and traded as high as C$66.15. Quebecor shares last traded at C$65.59, with a volume of 766,911 shares.

Analysts Set New Price Targets

QBR.B has been the subject of several research reports. National Bank Financial raised their price objective on shares of Quebecor from C$67.00 to C$74.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. ATB Cormark Capital Markets boosted their target price on shares of Quebecor from C$69.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Quebecor from C$70.00 to C$71.00 and gave the company a "sector perform" rating in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce raised their target price on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Finally, Scotia lifted their price target on shares of Quebecor from C$63.50 to C$66.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Quebecor currently has an average rating of "Moderate Buy" and an average target price of C$69.71.

Quebecor Stock Performance

The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The firm has a market capitalization of C$14.66 billion, a PE ratio of 16.08, a P/E/G ratio of 1.43 and a beta of 0.69. The firm has a fifty day moving average price of C$66.98 and a 200 day moving average price of C$60.94.

Quebecor (TSE:QBR.B - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.40 billion for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.

Quebecor Company Profile

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor's subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor TSX: QBR.A TSX: QBR.B employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.

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