Quebecor (OTCMKTS:QBCRF) Sets New 1-Year High – Here’s Why

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

Wall Street Analyst Weigh In

QBCRF has been the topic of several recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Finally, Raymond James Financial began coverage on Quebecor in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy”.

Quebecor Stock Performance

The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. The business’s fifty day simple moving average is $47.87 and its 200-day simple moving average is $43.55. The company has a market capitalization of $11.05 billion and a P/E ratio of 71.09.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Quebecor had a net margin of 15.55% and a return on equity of 33.84%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.78 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.