Quebecor (TSE:QBR.A) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Quebecor, Inc. (TSE:QBR.A)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$63.28 and traded as low as C$62.22. Quebecor shares last traded at C$62.22, with a volume of 101 shares traded.

Analyst Ratings Changes

Separately, Raymond James Financial set a C$72.00 price target on Quebecor and gave the company a “market perform” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$70.50.

Quebecor Stock Down 4.0%

The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35. The company’s 50-day simple moving average is C$65.23 and its 200 day simple moving average is C$63.28. The firm has a market cap of C$13.91 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.44 and a beta of 0.62.

Quebecor (TSE:QBR.A) last posted its earnings results on Thursday, August 6th. The company reported C$1.07 earnings per share for the quarter. The firm had revenue of C$1.44 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%. Research analysts anticipate that Quebecor, Inc. will post 3.4726027 EPS for the current fiscal year.

Quebecor Company Profile

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. Quebec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 11,000 people in Canada. A family business founded in 1950, Quebecor is strongly committed to the community.