Quebecor (OTCMKTS:QBCRF) Reaches New 1-Year High – Should You Buy?

Shares of Quebecor Inc. (OTCMKTS:QBCRF) hit a new 52-week high on Friday . The stock traded as high as $39.21 and last traded at $39.21, with a volume of 100 shares trading hands. The stock had previously closed at $38.70.

Analyst Ratings Changes

QBCRF has been the topic of several analyst reports. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Quebecor Stock Up 1.5%

The firm’s fifty day moving average is $37.10 and its two-hundred day moving average is $33.90.

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.