Quebecor (OTCMKTS:QBCRF) Reaches New 52-Week High – Still a Buy?

Quebecor Inc. (OTCMKTS:QBCRF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $48.5450 and last traded at $48.5325, with a volume of 300 shares. The stock had previously closed at $47.0460.

Analysts Set New Price Targets

QBCRF has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The business has a fifty day simple moving average of $42.60 and a 200-day simple moving average of $39.38.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.69 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 analyst estimates of $982.02 million.

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.