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Quebecor (TSE:QBR.B) Stock Price Passes Above 200 Day Moving Average - What's Next?

Quebecor logo with Business Services background

Shares of Quebecor, Inc. (TSE:QBR.B - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$34.04 and traded as high as C$38.23. Quebecor shares last traded at C$38.03, with a volume of 743,877 shares trading hands.

Analyst Ratings Changes

QBR.B has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Quebecor from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 9th. CIBC dropped their target price on Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. TD Securities reduced their price target on shares of Quebecor from C$45.00 to C$44.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Scotiabank boosted 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.

Get Our Latest Research Report on Quebecor

Quebecor Stock Up 2.2%

The firm has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.39. 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 business's 50 day moving average is C$36.97 and its 200-day moving average is C$34.21.

Quebecor Company Profile

(Get Free Report)

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.

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