Quebecor (OTCMKTS:QBCRF) Shares Gap Down - Here's What Happened

Key Points

• Quebecor shares gapped down Tuesday, opening at $39.67 after a prior close of $42.2120, with roughly 400 shares traded.
• Analysts remain generally positive—four Buy and two Hold ratings result in an average rating of Moderate Buy, with TD Securities reissuing a Buy and Scotiabank a Sector Perform.
• The stock's technicals show a 50-day moving average of $40.53 and a 200-day moving average of $36.74; Quebecor is a Canadian integrated media and telecommunications company known for Videotron and Quebecor Media.

Quebecor Inc. (OTCMKTS:QBCRF - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $42.2120, but opened at $39.67. Quebecor shares last traded at $39.67, with a volume of 400 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Scotiabank reissued a "sector perform" rating on shares of Quebecor in a research report on Monday, January 12th. TD Securities reissued 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 stock. Based on data from MarketBeat, Quebecor presently has an average rating of "Moderate Buy".

Quebecor Stock Performance

The business has a 50-day moving average price of $40.53 and a 200-day moving average price of $36.74.

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.

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