Quebecor (OTCMKTS:QBCRF) Reaches New 52-Week High – Still a Buy?

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.5450 and last traded at $48.5325, with a volume of 300 shares. The stock had previously closed at $47.0460.

Analyst Upgrades and Downgrades

QBCRF has been the subject of several analyst reports. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a report on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The business’s 50 day moving average is $42.60 and its 200-day moving average is $39.38.

Quebecor (OTCMKTS:QBCRF) last released its earnings results on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million.

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.