Quebecor (OTCMKTS:QBCRF) Sees Large Volume Increase – Here’s What Happened

Shares of Quebecor Inc. (OTCMKTS:QBCRF) saw an uptick in trading volume on Thursday . 7,400 shares were traded during mid-day trading, an increase of 534% from the previous session’s volume of 1,168 shares.The stock last traded at $37.12 and had previously closed at $37.49.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QBCRF shares. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Royal Bank Of Canada cut Quebecor from an “outperform” rating to a “sector perform” rating in a report on Wednesday, October 15th. Finally, Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Quebecor currently has an average rating of “Moderate Buy”.

Quebecor Stock Down 1.0%

The firm’s fifty day simple moving average is $36.82 and its 200 day simple moving average is $33.22.

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.