Quebecor (OTCMKTS:QBCRF) Reaches New 12-Month High – Should You Buy?

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.00 and last traded at $49.00, with a volume of 303 shares traded. The stock had previously closed at $47.51.

Analysts Set New Price Targets

Several brokerages have weighed in on QBCRF. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Monday, June 29th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Quebecor Stock Performance

The stock has a market cap of $10.84 billion and a P/E ratio of 69.74. The firm’s 50 day simple moving average is $46.74 and its two-hundred day simple moving average is $41.98. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39.

Quebecor (OTCMKTS:QBCRF) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. Quebecor had a net margin of 15.55% and a return on equity of 33.84%. The business had revenue of $1 billion during 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.