Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $47.05 and last traded at $47.05, with a volume of 126 shares traded. The stock had previously closed at $42.06.
The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.02 million.
Analyst Ratings Changes
A number of equities research analysts have issued reports on QBCRF shares. TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Quebecor Stock Up 5.7%
The company has a 50 day moving average of $42.09 and a 200 day moving average of $38.68.
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.
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