Quebecor (TSE:QBR.B) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Quebecor, Inc. (TSE:QBR.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$45.77 and traded as high as C$49.78. Quebecor shares last traded at C$49.38, with a volume of 627,168 shares traded.

Analyst Ratings Changes

QBR.B has been the topic of several research reports. JPMorgan Chase & Co. set a C$56.00 price objective on Quebecor and gave the company an “overweight” rating in a research note on Monday, November 10th. Desjardins boosted their price target on Quebecor from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Monday, January 12th. BMO Capital Markets raised their price objective on Quebecor from C$47.00 to C$53.00 in a research note on Monday, November 10th. Canaccord Genuity Group downgraded shares of Quebecor from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$50.00 to C$51.25 in a report on Tuesday, January 13th. Finally, TD Securities boosted their target price on shares of Quebecor from C$49.00 to C$52.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.72.

Quebecor Price Performance

The firm has a market capitalization of C$11.28 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.43 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The business has a 50-day moving average price of C$51.11 and a two-hundred day moving average price of C$45.77.

Quebecor (TSE:QBR.B) last released its quarterly earnings data on Thursday, November 6th. The company reported C$1.05 earnings per share (EPS) for the quarter. Quebecor had a return on equity of 37.44% and a net margin of 12.99%.The business had revenue of C$1.41 billion during the quarter.

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. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.