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

Quebecor Inc. (OTCMKTS:QBCRF) reached 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 trading hands. The stock had previously closed at $37.75.

Wall Street Analyst Weigh In

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

Quebecor Price Performance

The company’s 50-day moving average is $36.88 and its 200 day moving average is $33.54.

Quebecor Company Profile

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.