Quebecor (OTCMKTS:QBCRF) Sees Strong Trading Volume – Still a Buy?

Quebecor Inc. (OTCMKTS:QBCRF) shares saw an uptick in trading volume on Tuesday . 7,209 shares traded hands during trading, an increase of 29% from the previous session’s volume of 5,593 shares.The stock last traded at $48.2778 and had previously closed at $46.4955.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday. Royal Bank Of Canada restated 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 report on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Quebecor Stock Up 3.3%

The firm has a 50 day simple moving average of $42.15 and a two-hundred day simple moving average of $38.83.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $1 billion during 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.