Quebecor (OTCMKTS:QBCRF) Stock Price Down 0.8% – What’s Next?

Shares of Quebecor Inc. (OTCMKTS:QBCRF) fell 0.8% on Tuesday . The stock traded as low as $36.24 and last traded at $36.24. 1,301 shares traded hands during trading, an increase of 42% from the average session volume of 917 shares. The stock had previously closed at $36.55.

Wall Street Analysts Forecast Growth

QBCRF has been the topic of a number of research analyst reports. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a report on Monday, January 12th. Royal Bank Of Canada lowered shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 15th. Finally, TD Securities restated a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

The business’s fifty day moving average price is $36.86 and its 200 day moving average price is $32.94.

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.