Quebecor (TSE:QBR.B) Stock Price Passes Above Two Hundred Day Moving Average of $30.11

Quebecor, Inc. (TSE:QBR.B)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.11 and traded as high as C$33.40. Quebecor shares last traded at C$32.90, with a volume of 571,260 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QBR.B. National Bankshares reduced their price objective on Quebecor from C$38.00 to C$37.00 in a research note on Friday, May 10th. Royal Bank of Canada increased their target price on shares of Quebecor from C$35.00 to C$36.00 in a research report on Friday, August 9th. TD Securities lifted their price target on shares of Quebecor from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, BMO Capital Markets upped their price objective on Quebecor from C$33.00 to C$35.00 in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.19.

Quebecor Stock Performance

The firm has a market capitalization of C$5.19 billion, a PE ratio of 10.38, a PEG ratio of 1.43 and a beta of 0.38. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97. The company has a 50-day moving average of C$30.10 and a 200 day moving average of C$30.10.

About Quebecor

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.