Quebecor (OTCMKTS:QBCRF) Sees Large Volume Increase – Should You Buy?

Shares of Quebecor Inc. (OTCMKTS:QBCRF) saw strong trading volume on Thursday . 7,400 shares changed hands during mid-day trading, an increase of 534% from the previous session’s volume of 1,168 shares.The stock last traded at $37.12 and had previously closed at $37.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada downgraded Quebecor from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 15th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Monday, January 12th. Finally, TD Securities reiterated 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Quebecor currently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The stock has a 50 day moving average price of $36.82 and a 200 day moving average price of $33.31.

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.