Quebecor (TSE:QBR.B) Shares Cross Above 200-Day Moving Average of $27.37

Quebecor, Inc. (TSE:QBR.BGet Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.37 and traded as high as C$27.55. Quebecor shares last traded at C$27.45, with a volume of 420,258 shares.

Analyst Ratings Changes

QBR.B has been the topic of several recent research reports. TD Securities increased their target price on Quebecor from C$36.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Royal Bank of Canada raised their price objective on Quebecor from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, November 4th. CIBC reduced their target price on shares of Quebecor from C$33.00 to C$29.00 in a report on Wednesday, October 26th. Finally, Scotiabank decreased their price target on shares of Quebecor from C$32.25 to C$31.25 in a research report on Tuesday, October 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$33.28.

Quebecor Stock Performance

The firm’s 50 day simple moving average is C$25.84 and its 200 day simple moving average is C$27.37. The firm has a market capitalization of C$6.43 billion and a price-to-earnings ratio of 10.90. The company has a debt-to-equity ratio of 465.97, a quick ratio of 0.35 and a current ratio of 0.69.

About Quebecor

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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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