Quebecor (TSE:QBR.B) Shares Cross Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Quebecor, Inc. (TSE:QBR.B – Get Free Report) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$62.99 and traded as high as C$64.17. Quebecor shares last traded at C$63.29, with a volume of 508,083 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on QBR.B shares. Royal Bank Of Canada lifted their target price on shares of Quebecor from C$70.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Scotia increased their price target on Quebecor from C$63.50 to C$66.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Desjardins boosted their price objective on Quebecor from C$72.00 to C$76.00 and gave the company a “buy” rating in a research report on Friday, August 7th. ATB Cormark Capital Markets upped their price objective on Quebecor from C$69.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, National Bank Financial increased their target price on Quebecor from C$67.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy” and a consensus price target of C$70.12.

Check Out Our Latest Research Report on QBR.B

Quebecor Trading Down 0.1%

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 stock’s 50-day moving average is C$64.40 and its two-hundred day moving average is C$63.02. The stock has a market cap of C$14.20 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.61.

About Quebecor

(Get Free Report)

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.

Further Reading