Quebecor (OTCMKTS:QBCRF) Shares Gap Up – Here’s What Happened

Quebecor Inc. (OTCMKTS:QBCRF) shares gapped up before the market opened on Friday . The stock had previously closed at $39.15, but opened at $41.31. Quebecor shares last traded at $41.66, with a volume of 646 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on QBCRF shares. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research note on Monday, January 12th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Quebecor has an average rating of “Moderate Buy”.

Quebecor Stock Up 8.0%

The company has a 50-day simple moving average of $37.30 and a 200 day simple moving average of $34.31.

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.