Quebecor, Inc. (TSE:QBR.B – Get 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.
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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