Quebecor (TSE:QBR.B) Share Price Passes Above 200-Day Moving Average of $30.13

Quebecor, Inc. (TSE:QBR.B)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$30.13 and traded as high as C$33.53. Quebecor shares last traded at C$33.47, with a volume of 861,392 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. National Bankshares dropped their price objective on Quebecor from C$38.00 to C$37.00 in a report on Friday, May 10th. Royal Bank of Canada upped their price target on Quebecor from C$35.00 to C$36.00 in a research note on Friday, August 9th. BMO Capital Markets lifted their price objective on shares of Quebecor from C$33.00 to C$35.00 in a research note on Friday, August 9th. Finally, TD Securities upped their target price on shares of Quebecor from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.19.

Quebecor Price Performance

The firm has a market cap of C$5.27 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.43 and a beta of 0.38. The company’s fifty day moving average is C$30.70 and its 200 day moving average is C$30.16. The company has a quick ratio of 0.35, a current ratio of 1.01 and a debt-to-equity ratio of 363.97.

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.