Quebecor (OTCMKTS:QBCRF) Trading Down 2.3%

Quebecor Inc. (OTCMKTS:QBCRF)’s share price fell 2.3% during mid-day trading on Friday . The stock traded as low as $22.50 and last traded at $22.50. 102 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,379 shares. The stock had previously closed at $23.03.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Quebecor from C$37.00 to C$39.00 in a report on Friday, August 11th. Canaccord Genuity Group upgraded shares of Quebecor from a “hold” rating to a “buy” rating in a report on Friday, August 11th. TD Securities increased their price objective on shares of Quebecor from C$40.00 to C$43.00 in a research report on Friday, August 11th. Finally, Royal Bank of Canada increased their target price on Quebecor from C$36.00 to C$38.00 in a report on Friday, August 11th.

Quebecor Price Performance

The business’s 50-day moving average is $23.99 and its two-hundred day moving average is $24.12.

Quebecor Company Profile

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, mobile and wireline telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation.