Quebecor (TSE:QBR.B) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Quebecor's stock price has recently surged past its 200-day moving average, trading as high as C$41.24, with a last traded price of C$40.56.
• Wall Street analysts have shown optimism for Quebecor, with several raising their price targets and issuing a majority "buy" rating for the stock.
• The company has a strong presence in Quebec's telecom market, boasting over 1.8 million internet subscribers and a significant share in the mobile market.

Quebecor, Inc. (TSE:QBR.B - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$37.44 and traded as high as C$41.24. Quebecor shares last traded at C$40.56, with a volume of 1,385,433 shares traded.

Wall Street Analyst Weigh In

QBR.B has been the topic of several research analyst reports. Canaccord Genuity Group boosted their target price on shares of Quebecor from C$40.75 to C$43.25 in a research report on Thursday, July 10th. National Bankshares raised shares of Quebecor from a "sector perform" rating to an "outperform" rating and set a C$42.00 target price on the stock in a research report on Tuesday, August 12th. TD Securities boosted their target price 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. Finally, Desjardins dropped 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Quebecor currently has an average rating of "Moderate Buy" and a consensus target price of C$40.97.

Quebecor Stock Performance

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 firm's 50 day moving average is C$40.19 and its 200-day moving average is C$37.70. The stock has a market capitalization of C$6.41 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.43 and a beta of 0.39.

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.