Quebecor (OTCMKTS:QBCRF) Sees Large Volume Increase – Still a Buy?

Quebecor Inc. (OTCMKTS:QBCRF) shares saw an uptick in trading volume on Tuesday . 7,209 shares traded hands during trading, an increase of 29% from the previous session’s volume of 5,593 shares.The stock last traded at $48.2778 and had previously closed at $46.4955.

Analysts Set New Price Targets

Several research firms recently commented on QBCRF. TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Friday, May 15th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Quebecor Trading Down 0.4%

The stock has a 50-day moving average of $42.34 and a 200 day moving average of $39.05.

Quebecor (OTCMKTS:QBCRF) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million.

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.