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

Shares of Quebecor, Inc. (TSE:QBR.B) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$33.90 and traded as high as C$38.56. Quebecor shares last traded at C$37.78, with a volume of 672,574 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Scotiabank lifted their target price on shares of Quebecor from C$36.00 to C$36.50 and gave the stock a “sector perform” rating in a research note on Wednesday, April 16th. CIBC reduced their target price on shares of Quebecor from C$40.00 to C$39.00 in a research note on Monday, February 10th. Royal Bank of Canada boosted their price target on shares of Quebecor from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. Finally, TD Securities reduced their price target on shares of Quebecor from C$45.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, May 9th.

Quebecor Stock Up 0.3%

The business’s 50 day moving average price is C$36.52 and its 200-day moving average price is C$33.92. The firm has a market capitalization of C$5.96 billion, a PE ratio of 11.92, a P/E/G ratio of 1.43 and a beta of 0.39. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

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.