Quebecor (OTCMKTS:QBCRF) Trading Down 0.8% – Here’s Why

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

Wall Street Analyst Weigh In

Several research firms have recently commented on QBCRF. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, December 8th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Monday, January 12th. Finally, Royal Bank Of Canada downgraded shares of Quebecor from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quebecor has an average rating of “Moderate Buy”.

Quebecor Trading Down 0.8%

The firm’s fifty day simple moving average is $36.86 and its 200 day simple moving average 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.