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

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $47.05 and last traded at $47.05, with a volume of 126 shares trading hands. The stock had previously closed at $42.06.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on QBCRF shares. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. Finally, TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Quebecor presently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The stock’s 50-day moving average price is $42.01 and its two-hundred day moving average price is $38.62.

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.