Quebecor (OTCMKTS:QBCRF) Reaches New 1-Year High – Here’s What Happened

Quebecor Inc. (OTCMKTS:QBCRF)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $49.00 and last traded at $49.00, with a volume of 303 shares. The stock had previously closed at $47.51.

Wall Street Analyst Weigh In

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

Quebecor Trading Up 3.1%

The company has a debt-to-equity ratio of 2.39, a current ratio of 0.94 and a quick ratio of 0.76. The business has a 50-day simple moving average of $46.42 and a two-hundred day simple moving average of $41.83. The stock has a market cap of $11.04 billion and a price-to-earnings ratio of 71.01.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.69 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 net margin of 15.55% and a return on equity of 33.84%.

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.