Quebecor (OTCMKTS:QBCRF) Hits New 52-Week High – What’s Next?

Quebecor Inc. (OTCMKTS:QBCRF) shares hit a new 52-week high on Thursday . The stock traded as high as $40.26 and last traded at $40.26, with a volume of 956 shares changing hands. The stock had previously closed at $39.44.

Wall Street Analysts Forecast Growth

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

Quebecor Price Performance

The company’s fifty day moving average is $37.38 and its 200-day moving average is $34.40.

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.