Quebecor (OTCMKTS:QBCRF) Hits New 1-Year High – What’s Next?

Shares of Quebecor Inc. (OTCMKTS:QBCRF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.00 and last traded at $49.00, with a volume of 303 shares trading hands. The stock had previously closed at $47.51.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Finally, TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

Quebecor Stock Up 3.1%

The firm has a market capitalization of $11.04 billion and a P/E ratio of 71.01. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. The firm’s 50-day moving average is $46.42 and its 200 day moving average is $41.83.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.

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.