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

Quebecor Inc. (OTCMKTS:QBCRF)’s share price 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Monday, January 12th. TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Monday, December 8th. Four investment 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.com, the company has an average rating of “Moderate Buy”.

Quebecor Stock Down 0.6%

The business’s fifty day simple moving average is $37.79 and its two-hundred day simple moving average is $34.79.

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.