Quebecor (OTCMKTS:QBCRF) Sets New 52-Week High – Here’s What Happened

Shares of Quebecor Inc. (OTCMKTS:QBCRF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.71 and last traded at $43.71, with a volume of 100 shares trading hands. The stock had previously closed at $42.41.

Wall Street Analysts Forecast Growth

QBCRF has been the subject of a number of research analyst reports. TD Securities restated a “buy” rating on shares of Quebecor in a report on Monday, December 8th. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Quebecor currently has an average rating of “Moderate Buy”.

Quebecor Stock Performance

The company has a fifty day simple moving average of $39.26 and a two-hundred day simple moving average of $36.05.

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.