Quebecor (OTCMKTS:QBCRF) Reaches New 1-Year High – Here’s What Happened

Shares of Quebecor Inc. (OTCMKTS:QBCRF) hit a new 52-week high on Wednesday . The company traded as high as $43.06 and last traded at $43.06, with a volume of 100 shares. The stock had previously closed at $41.10.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QBCRF. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Monday, December 8th. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The firm’s 50-day moving average price is $37.57 and its 200 day moving average price is $34.67.

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.