Quebecor (TSE:QBR.B) Stock Price Crosses Above 200-Day Moving Average of $31.05

Quebecor, Inc. (TSE:QBR.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.05 and traded as high as $31.99. Quebecor shares last traded at $31.92, with a volume of 207,282 shares trading hands.

Several equities analysts recently weighed in on QBR.B shares. CIBC raised their price objective on Quebecor from C$34.00 to C$35.00 in a research note on Friday. Royal Bank of Canada raised their price objective on Quebecor from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial raised their price objective on Quebecor from C$37.50 to C$38.50 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities dropped their price objective on Quebecor from C$38.00 to C$37.00 and set a “buy” rating for the company in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$35.93.

The company has a debt-to-equity ratio of 776.98, a current ratio of 0.83 and a quick ratio of 0.57. The firm has a 50-day simple moving average of C$30.57 and a two-hundred day simple moving average of C$31.04. The company has a market cap of $5.52 billion and a PE ratio of 12.64.

Quebecor Company Profile (TSE:QBR.B)

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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