Quebecor (TSE:QBR.B) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Quebecor, Inc. (TSE:QBR.B - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.90 and traded as high as C$38.56. Quebecor shares last traded at C$37.78, with a volume of 672,574 shares trading hands.

Analyst Ratings Changes

QBR.B has been the topic of several recent research reports. TD Securities reduced their price target on Quebecor from C$45.00 to C$44.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Scotiabank raised their target price on shares of Quebecor from C$36.00 to C$36.50 and gave the stock a "sector perform" rating in a report on Wednesday, April 16th. CIBC lowered their price target on shares of Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. Finally, Royal Bank of Canada increased their price target on shares of Quebecor from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday, April 9th.

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 business has a 50-day moving average price of C$36.62 and a 200 day moving average price of C$33.98. The stock has a market capitalization of C$6.01 billion, a P/E ratio of 12.03, a PEG ratio of 1.43 and a beta of 0.39.

Quebecor Company Profile

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.