Quebecor (TSE:QBR.B) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Quebecor's stock recently surpassed its 200-day moving average, trading at C$40.73, reflecting positive market performance.
• Several analysts have raised their price targets for Quebecor, with TD Securities setting the highest at C$46.00 and maintaining a "buy" rating.
• Quebecor operates in telecommunications, media, and entertainment in Canada and has a market cap of C$6.43 billion.

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$36.45 and traded as high as C$40.79. Quebecor shares last traded at C$40.73, with a volume of 1,025,723 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QBR.B shares. Scotiabank lifted their price objective on shares of Quebecor from C$36.00 to C$36.50 and gave the company a "sector perform" rating in a research report on Wednesday, April 16th. TD Securities lifted their price objective on shares of Quebecor from C$44.00 to C$46.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada lifted their price objective on shares of Quebecor from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th. National Bankshares lifted their price objective on shares of Quebecor from C$38.00 to C$40.00 and gave the company a "sector perform" rating in a research report on Friday, June 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th.

Quebecor Stock Up 0.2%

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 company has a market cap of C$6.23 billion, a PE ratio of 12.46, a PEG ratio of 1.43 and a beta of 0.39. The firm has a fifty day simple moving average of C$39.96 and a 200 day simple moving average of C$36.57.

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.