Quebecor (OTCMKTS:QBCRF) Posts Quarterly Earnings Results

by · The Cerbat Gem

Quebecor (OTCMKTS:QBCRF – Get Free Report) issued its earnings results on Thursday. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11, Zacks reports. Quebecor had a net margin of 16.30% and a return on equity of 33.21%.

Quebecor Trading Up 5.0%

Shares of QBCRF stock traded up $2.54 during trading hours on Thursday, hitting $53.33. The company’s stock had a trading volume of 119,163 shares, compared to its average volume of 91,715. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 2.01. The business has a fifty day moving average of $45.70 and a 200-day moving average of $44.30. Quebecor has a twelve month low of $32.00 and a twelve month high of $53.40.

Analyst Upgrades and Downgrades

QBCRF has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating in a research report on Monday, September 14th. Finally, Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on QBCRF

About Quebecor

(Get Free Report)

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.

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