Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $49.0520 and last traded at $49.0520, with a volume of 100 shares traded. The stock had previously closed at $45.40.
Wall Street Analysts Forecast Growth
QBCRF has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. TD Securities restated a “buy” rating on shares of Quebecor in a report on Friday. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday. Raymond James Financial started coverage on shares of Quebecor in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on QBCRF
Quebecor Price Performance
Quebecor (OTCMKTS:QBCRF – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Quebecor had a return on equity of 33.84% and a net margin of 15.55%.The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million.
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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