Quebecor (TSE:QBR.B) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Quebecor, Inc. (TSE:QBR.B) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$56.14 and traded as high as C$68.77. Quebecor shares last traded at C$68.31, with a volume of 890,060 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Quebecor from C$60.00 to C$68.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Desjardins raised their price target on Quebecor from C$61.00 to C$66.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Scotia raised their price target on Quebecor from C$54.50 to C$58.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets raised their price target on Quebecor from C$63.00 to C$69.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Scotiabank raised their price target on Quebecor from C$51.25 to C$54.50 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$63.71.

Quebecor Stock Performance

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 has a market cap of C$15.20 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.43 and a beta of 0.64. The stock’s 50-day moving average is C$61.65 and its 200 day moving average is C$56.36.

Quebecor (TSE:QBR.B) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.40 billion during the quarter. Quebecor had a net margin of 12.99% and a return on equity of 37.44%.

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. 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.