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Quebecor (TSE:QBR.B) Stock Crosses Above 200-Day Moving Average – What’s Next?
['Danessa Lincoln']
Markets Daily
Shares of Quebecor, Inc. (TSE:QBR.B – Get Free Report) passed above its two hundred day moving average during trading on Tuesday .
Quebecor shares last traded at C$63.73, with a volume of 2,217,598 shares traded.
Finally, Canaccord Genuity Group lowered Quebecor from a “buy” rating to a “hold” rating and set a C$68.00 target price on the stock.
According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$67.79.
Get Quebecor alerts:View Our Latest Analysis on QBR.BQuebecor Stock Up 5.9%The firm’s 50 day simple moving average is C$67.21 and its 200 day simple moving average is C$60.31.