Quebecor (OTCMKTS:QBCRF) Sets New 1-Year High – Time to Buy?

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.04 and last traded at $38.04, with a volume of 100 shares. The stock had previously closed at $37.68.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QBCRF. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Monday, November 10th. National Bankshares restated an “outperform” rating on shares of Quebecor in a report on Wednesday, September 17th. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 15th. Finally, TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Quebecor Price Performance

The stock’s 50-day simple moving average is $36.25 and its 200-day simple moving average is $32.26.

Quebecor Company Profile

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.