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

Key Points

• Quebecor's stock price has surpassed its 200-day moving average, trading at C$42.47, with a high of C$42.58 during recent trading sessions.
• Multiple analysts have updated their ratings and price targets for Quebecor, with Canaccord Genuity setting a new objective at C$43.25 and TD Securities raising theirs to C$46.00.
• The company holds a market capitalization of C$6.70 billion and serves as a leading telecom provider in Quebec, with significant internet and mobile subscriber figures.

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$37.79 and traded as high as C$42.58. Quebecor shares last traded at C$42.47, with a volume of 1,311,327 shares.

Analysts Set New Price Targets

QBR.B has been the topic of several research analyst reports. Desjardins decreased their target price on shares of Quebecor from C$44.00 to C$43.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Canaccord Genuity Group raised their price target on shares of Quebecor from C$40.75 to C$43.25 in a report on Thursday, July 10th. National Bankshares upgraded shares of Quebecor from a "sector perform" rating to an "outperform" rating and set a C$42.00 price target on the stock in a report on Tuesday, August 12th. Finally, TD Securities raised their price target on shares of Quebecor from C$44.00 to C$46.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$40.97.

Quebecor Price 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 company's 50-day simple moving average is C$40.28 and its 200-day simple moving average is C$37.93. The company has a market cap of C$9.58 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.43 and a beta of 0.60.

About Quebecor

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.