Quebecor (TSE:QBR.B) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Quebecor, Inc. (TSE:QBR.B)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$62.20 and traded as high as C$64.08. Quebecor shares last traded at C$63.94, with a volume of 986,777 shares.

Analyst Ratings Changes

QBR.B has been the topic of several research analyst reports. Canaccord Genuity Group lowered shares of Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock. in a research report on Friday, July 10th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Quebecor from C$67.00 to C$78.00 in a report on Friday, July 10th. Scotia upped their target price on shares of Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. National Bank Financial increased their target price on shares of Quebecor from C$67.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, ATB Cormark Capital Markets lifted their price target on shares of Quebecor from C$69.00 to C$77.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$69.71.

Quebecor Price Performance

The company has a market cap of C$14.29 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61. The company has a fifty day simple moving average of C$65.45 and a two-hundred day simple moving average of C$62.20. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.