Quebecor (OTCMKTS:QBCRF) Sets New 1-Year High – Time to Buy?

Quebecor Inc. (OTCMKTS:QBCRF) reached a new 52-week high on Tuesday . The company traded as high as $48.5450 and last traded at $48.5325, with a volume of 300 shares changing hands. The stock had previously closed at $47.0460.

Analyst Ratings Changes

A number of research firms have weighed in on QBCRF. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy”.

Quebecor Stock Up 0.9%

The firm has a fifty day moving average price of $42.95 and a 200 day moving average price of $39.71.

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

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.