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

Quebecor, Inc. (TSE:QBR.B)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$31.51 and traded as high as C$32.24. Quebecor shares last traded at C$32.00, with a volume of 667,667 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on QBR.B shares. BMO Capital Markets lifted their price target on shares of Quebecor from C$35.00 to C$37.00 in a research report on Thursday, September 5th. Royal Bank of Canada reduced their target price on Quebecor from C$38.00 to C$37.00 in a research report on Friday, November 8th. Scotiabank cut Quebecor from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 10th. CIBC upped their target price on shares of Quebecor from C$39.00 to C$40.00 in a research report on Friday, November 8th. Finally, TD Securities dropped their price target on shares of Quebecor from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$37.94.

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 company has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.43 and a beta of 0.39. The firm has a 50-day simple moving average of C$34.49 and a two-hundred day simple moving average of C$31.51.

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.