Quebecor (OTCMKTS:QBCRF) Hits New 52-Week High – Should You Buy?

Quebecor Inc. (OTCMKTS:QBCRF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $38.01 and last traded at $38.01, with a volume of 250 shares changing hands. The stock had previously closed at $37.03.

Analyst Upgrades and Downgrades

QBCRF has been the subject of a number of recent analyst reports. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Monday, November 10th. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 15th. TD Securities restated a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. National Bankshares reiterated an “outperform” rating on shares of Quebecor in a research report on Wednesday, September 17th. Finally, BMO Capital Markets raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 4th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Quebecor Stock Down 0.7%

The stock’s fifty day moving average price is $35.19 and its two-hundred day moving average price is $31.77.

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.