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

Quebecor Inc. (OTCMKTS:QBCRF) shares 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 traded. The stock had previously closed at $47.9050.

Analyst Ratings Changes

Several research firms have recently commented on QBCRF. TD Securities reaffirmed a “buy” 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 report on Friday, July 10th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Zacks Research raised shares of Quebecor to a “hold” rating in a report on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The stock has a market capitalization of $11.94 billion and a price-to-earnings ratio of 36.53. The firm has a fifty day moving average of $45.70 and a 200 day moving average of $44.30. 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) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Quebecor had a return on equity of 33.21% and a net margin of 16.30%. On average, sell-side analysts anticipate that Quebecor Inc. will post 3.00 earnings per share for the current fiscal year.

Quebecor Company Profile

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.