Quebecor (TSE:QBR.A) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Quebecor, Inc. (TSE:QBR.A) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$48.85 and traded as high as C$52.20. Quebecor shares last traded at C$52.20, with a volume of 1,319 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price objective on Quebecor from C$40.50 to C$43.25 and gave the stock a “sector perform” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Quebecor currently has a consensus rating of “Hold” and a consensus target price of C$43.25.

Quebecor Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97. The business’s 50-day simple moving average is C$48.85 and its two-hundred day simple moving average is C$44.16. The firm has a market cap of C$11.93 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.44 and a beta of 0.49.

Quebecor Company Profile

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.