Quebecor (TSE:QBR.B) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$39.84 and traded as high as C$44.47. Quebecor shares last traded at C$43.85, with a volume of 1,096,596 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Securities increased their price objective on shares of Quebecor from C$44.00 to C$46.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. BMO Capital Markets raised shares of Quebecor from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from C$40.00 to C$47.00 in a research report on Thursday, September 4th. National Bankshares increased their price objective on shares of Quebecor from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Desjardins increased their price objective on shares of Quebecor from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Canaccord Genuity Group increased their price objective on shares of Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$43.09.

Quebecor Stock Performance

The stock has a market capitalization of C$10.06 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.43 and a beta of 0.54. The company's 50-day moving average is C$42.23 and its two-hundred day moving average is C$39.84. 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 Company Profile

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.

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