Quebecor (TSE:QBR.B) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$63.48 and traded as high as C$65.49. Quebecor shares last traded at C$65.44, with a volume of 677,269 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on QBR.B. Scotiabank increased their target price on Quebecor from C$58.00 to C$63.50 and gave the stock a “sector perform” rating in a research report on Tuesday, July 7th. Canaccord Genuity Group cut Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price for the company. in a report on Friday, July 10th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$72.00 to C$75.00 in a research report on Tuesday, September 15th. Canadian Imperial Bank of Commerce upped their price target on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Finally, TD lifted their price target on shares of Quebecor from C$78.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$70.12.

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 stock has a market cap of C$14.63 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. The firm has a fifty day moving average price of C$63.39 and a 200 day moving average price of C$63.48.

About Quebecor

Quebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services. Québec-based Quebecor (TSX: QBR.A) (TSX: QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.