Quebecor (OTCMKTS:QBCRF) Sets New 52-Week High – Should You Buy?

Quebecor Inc. (OTCMKTS:QBCRF) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $49.0520 and last traded at $49.0520, with a volume of 100 shares. The stock had previously closed at $45.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research report on Friday. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday. TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Friday. Raymond James Financial began coverage on shares of Quebecor in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The firm has a market cap of $11.05 billion and a PE ratio of 71.09. The firm’s fifty day simple moving average is $47.88 and its two-hundred day simple moving average is $43.59. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million. Quebecor had a return on equity of 34.04% and a net margin of 16.30%.

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.