Quebecor (OTCMKTS:QBCRF) Reaches New 1-Year High – Here’s What Happened

by · The Markets Daily

Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $49.35 and last traded at $49.35, with a volume of 256 shares. The stock had previously closed at $47.9050.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Finally, Zacks Research upgraded shares of Quebecor to a “hold” rating in a report on Monday, October 12th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on QBCRF

Quebecor Stock Performance

The firm’s fifty day simple moving average is $45.33 and its 200 day simple moving average is $44.06. The company has a market capitalization of $11.05 billion and a price-to-earnings ratio of 33.80. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.68 and a quick ratio of 0.54.

Quebecor (OTCMKTS:QBCRF – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). Quebecor had a return on equity of 33.21% and a net margin of 16.30%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million. On average, sell-side analysts forecast that Quebecor Inc. will post 3.04 EPS for the current year.

Quebecor Company Profile

(Get Free Report)

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.

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