Quebecor (TSE:QBR.B) Shares Pass Above 200-Day Moving Average – Time to Sell?

Quebecor, Inc. (TSE:QBR.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.48 and traded as high as C$58.68. Quebecor shares last traded at C$58.67, with a volume of 1,799,823 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on QBR.B shares. Canadian Imperial Bank of Commerce raised their price objective on Quebecor from C$57.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. TD Securities lowered shares of Quebecor from a “buy” rating to a “hold” rating and boosted their target price for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. National Bank Financial increased their target price on shares of Quebecor from C$54.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Canaccord Genuity Group upgraded shares of Quebecor from a “hold” rating to a “buy” rating and raised their price target for the stock from C$51.25 to C$60.00 in a research report on Monday, March 2nd. Finally, Desjardins lifted their price target on shares of Quebecor from C$54.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, February 27th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Quebecor has a consensus rating of “Moderate Buy” and a consensus price target of C$58.95.

Quebecor Trading Up 0.7%

The firm has a market cap of C$13.30 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.43 and a beta of 0.87. 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 firm has a fifty day moving average of C$53.33 and a 200-day moving average of C$49.48.

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

Quebecor Company Profile

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.