Quebecor (OTCMKTS:QBCRF) Hits New 52-Week High - Time to Buy?

Key Points

• Quebecor reached a new 52-week high of $49.35, up from its previous close of $47.905; trading volume was just 256 shares.
• Analyst sentiment is moderately positive: MarketBeat reports an average “Moderate Buy” rating, with three Buy and three Hold recommendations.
• Latest quarterly results missed EPS expectations by $0.01 ($0.77 versus $0.78), while revenue of $1.01 billion exceeded analysts’ estimates.

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

Wall Street Analyst Weigh In

QBCRF has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Quebecor in a report on Friday, August 7th. Raymond James Financial raised shares of Quebecor from a "market perform" rating to an "outperform" rating in a research note on Monday, September 14th. Scotiabank restated a "sector perform" rating on shares of Quebecor in a research report on Friday, August 7th. TD Securities restated a "buy" rating on shares of Quebecor in a research note on Friday, August 7th. Finally, Zacks Research raised Quebecor to a "hold" rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Quebecor presently has an average rating of "Moderate Buy".

Quebecor Price Performance

The business's 50-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 P/E ratio of 33.80. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01.

Quebecor (OTCMKTS:QBCRF - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). Quebecor had a net margin of 16.30% and a return on equity of 33.21%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.78 million. As a group, sell-side analysts anticipate that Quebecor Inc. will post 3.04 EPS for the current 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.

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