Shares of Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $47.05, but opened at $44.56. Quebecor shares last traded at $44.56, with a volume of 166 shares traded.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on QBCRF shares. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Raymond James Financial started coverage on Quebecor in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Quebecor
Quebecor Trading Down 4.8%
Quebecor (OTCMKTS:QBCRF – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.78 million. Quebecor had a return on equity of 34.04% and a net margin of 16.30%.
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.
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