Quebecor (OTCMKTS:QBCRF – Get Free Report) issued its earnings results on Thursday. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01), Zacks reports. Quebecor had a net margin of 16.30% and a return on equity of 34.04%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million.
Quebecor Trading Up 3.5%
Shares of OTCMKTS QBCRF traded up $1.66 during mid-day trading on Friday, reaching $49.05. 186,816 shares of the company’s stock were exchanged, compared to its average volume of 69,818. The firm has a market capitalization of $11.05 billion and a price-to-earnings ratio of 71.09. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. Quebecor has a 52-week low of $27.37 and a 52-week high of $49.05. The company’s 50-day moving average is $47.88 and its 200-day moving average is $43.59.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Raymond James Financial started coverage on Quebecor in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday. TD Securities restated a “buy” rating on shares of Quebecor in a research report on Friday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research note on Friday. Four 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”.
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.
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