Quebecor (OTCMKTS:QBCRF) Reaches New 52-Week High - What's Next?

Key Points

• Quebecor reached a new 52-week high of $44.79 during mid-day trading (last trade $44.79), up from a prior close of $42.27 on volume of 12,028 shares.
• Analyst sentiment is moderately positive: four analysts rate the stock Buy and two rate it Hold, giving an average rating of "Moderate Buy" (TD Securities reaffirmed Buy; Scotiabank lists Sector Perform).
• Technicals indicate upward momentum: the stock is trading above its 50-day ($40.06) and 200-day ($36.45) simple moving averages, consistent with the recent breakout to new highs.

Quebecor Inc. (OTCMKTS:QBCRF - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.79 and last traded at $44.79, with a volume of 12028 shares. The stock had previously closed at $42.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Scotiabank reissued a "sector perform" rating on shares of Quebecor in a report on Monday, January 12th. TD Securities reaffirmed a "buy" rating on shares of Quebecor in a research note on Monday, December 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Quebecor Price Performance

The firm's 50 day simple moving average is $40.06 and its two-hundred day simple moving average is $36.45.

About Quebecor

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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