Quebecor (OTCMKTS:QBCRF) Hits New 1-Year High – Here’s What Happened

Quebecor Inc. (OTCMKTS:QBCRF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.01 and last traded at $38.01, with a volume of 250 shares. The stock had previously closed at $37.03.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on QBCRF shares. BMO Capital Markets raised Quebecor from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a report on Monday, November 10th. National Bankshares reaffirmed an “outperform” rating on shares of Quebecor in a report on Wednesday, September 17th. Finally, Royal Bank Of Canada downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Quebecor Stock Up 1.9%

The company has a fifty day moving average of $34.91 and a 200-day moving average of $31.66.

About Quebecor

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.