Quebecor (OTCMKTS:QBCRF) Reaches New 52-Week High – Time to Buy?

Quebecor Inc. (OTCMKTS:QBCRF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $38.84 and last traded at $38.84, with a volume of 279 shares. The stock had previously closed at $37.75.

Analysts Set New Price Targets

Several equities analysts recently weighed in on QBCRF shares. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Quebecor Stock Up 2.9%

The business has a 50 day moving average of $36.92 and a two-hundred day moving average of $33.65.

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.