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

Quebecor, Inc. (TSE:QBR.B)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.91 and traded as high as C$33.72. Quebecor shares last traded at C$33.20, with a volume of 537,102 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QBR.B shares. Royal Bank of Canada upgraded Quebecor from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$37.00 to C$39.00 in a report on Wednesday, December 18th. National Bankshares decreased their price objective on Quebecor from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Scotiabank decreased their price objective on Quebecor from C$38.00 to C$37.00 in a report on Tuesday, November 26th. CIBC decreased their price objective on Quebecor from C$40.00 to C$39.00 in a report on Monday, February 10th. Finally, TD Securities increased their price objective on Quebecor from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Quebecor currently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.33.

Quebecor Price Performance

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 firm has a fifty day moving average price of C$31.75 and a two-hundred day moving average price of C$32.91. The stock has a market capitalization of C$5.24 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.43 and a beta of 0.39.

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.