Quebecor (TSE:QBR.A) Stock Passes Above 50-Day Moving Average – Should You Sell?

Quebecor, Inc. (TSE:QBR.A)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$47.19 and traded as high as C$51.35. Quebecor shares last traded at C$51.15, with a volume of 4,951 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their target price on Quebecor from C$40.50 to C$43.25 and gave the company a “sector perform” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$43.25.

Quebecor Stock Down 1.6%

The company’s 50 day moving average is C$47.19 and its 200 day moving average is C$43.11. The company has a market cap of C$11.69 billion, a PE ratio of 14.41, a P/E/G ratio of 1.44 and a beta of 0.54. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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.