Quebecor (OTCMKTS:QBCRF) Trading Down 1.2% – Here’s Why

Quebecor Inc. (OTCMKTS:QBCRF) shares were down 1.2% on Friday . The stock traded as low as $36.68 and last traded at $36.68. Approximately 221 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 53,342 shares. The stock had previously closed at $37.13.

Wall Street Analyst Weigh In

QBCRF has been the subject of several analyst reports. National Bankshares restated an “outperform” rating on shares of Quebecor in a research note on Wednesday, September 17th. Royal Bank Of Canada cut Quebecor from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 15th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Monday, November 10th. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, October 20th. Finally, BMO Capital Markets raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Thursday, September 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

The firm’s 50 day simple moving average is $33.63 and its 200 day simple moving average is $30.94.

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. The Telecommunications segment offers internet access, television distribution, mobile and wireline telephony, business solutions, and over-the-top video services.