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

Shares of Quebecor, Inc. (TSE:QBR.B) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$52.50 and traded as high as C$58.02. Quebecor shares last traded at C$56.65, with a volume of 1,244,380 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Desjardins set a C$61.00 price objective on shares of Quebecor and gave the company a “buy” rating in a report on Tuesday, April 7th. ATB Cormark Capital Markets raised their target price on shares of Quebecor from C$57.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Scotiabank boosted their target price on shares of Quebecor from C$51.25 to C$54.50 and gave the company a “sector perform” rating in a research note on Friday, February 27th. National Bank Financial upgraded shares of Quebecor from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$57.00 to C$59.00 in a research note on Monday, April 13th. Finally, BMO Capital Markets increased their price target on Quebecor from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$60.23.

Quebecor Stock Down 1.0%

The company’s 50-day moving average price is C$57.37 and its 200 day moving average price is C$52.50. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01. The stock has a market cap of C$12.79 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.68.

Quebecor (TSE:QBR.B) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.99 earnings per share (EPS) for the quarter. The company had revenue of C$1.55 billion for the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

About Quebecor

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.