Quebecor (OTCMKTS:QBCRF) Sees Strong Trading Volume – Here’s Why

Quebecor Inc. (OTCMKTS:QBCRFGet Free Report) shares saw an uptick in trading volume on Tuesday . 7,209 shares changed hands during mid-day 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.

Wall Street Analysts Forecast Growth

QBCRF has been the topic of several analyst reports. TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Analysis on QBCRF

Quebecor Price Performance

The business has a 50 day moving average of $42.15 and a 200 day moving average of $38.83.

Quebecor (OTCMKTS:QBCRFGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $982.02 million.

Quebecor Company Profile

(Get Free Report)

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.

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