Quebecor (TSE:QBR.B) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Quebecor's share price crossed above its 200-day moving average (200‑day MA C$52.50), trading as high as C$58.02 and last at C$56.65 on heavy volume (1,244,380 shares).
• Analysts have grown more bullish—eight Buy and three Hold ratings—with several firms raising targets into the C$60–66 range and an average price target of C$60.23.
• The company reported solid quarterly results (C$0.99 EPS, ROE 37.44%, net margin 12.99%) but carries a notably high debt-to-equity ratio of 363.97, highlighting leverage risk.

Quebecor, Inc. (TSE:QBR.B - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$52.50 and traded as high as C$58.02. Quebecor shares last traded at C$56.65, with a volume of 1,244,380 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QBR.B. Canaccord Genuity Group raised shares of Quebecor from a "hold" rating to a "buy" rating and raised their target price for the stock from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Royal Bank Of Canada increased their target price on Quebecor from C$57.00 to C$60.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 9th. ATB Cormark Capital Markets increased their price objective on shares of Quebecor from C$57.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of Quebecor from C$61.00 to C$66.00 in a research note on Tuesday, April 7th. Finally, Desjardins set a C$61.00 target price on shares of Quebecor and gave the stock a "buy" rating in a report on Tuesday, April 7th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$60.23.

Quebecor Trading Down 1.0%

The firm has a market capitalization of C$12.79 billion, a PE ratio of 15.96, a P/E/G ratio of 1.43 and a beta of 0.68. The firm has a 50 day simple moving average of C$57.37 and a 200 day simple moving average of C$52.50. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

Quebecor (TSE:QBR.B - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The firm had revenue of C$1.55 billion for the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.

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