Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Time to Sell?

Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $44.09, but opened at $42.40. Quebecor shares last traded at $42.40, with a volume of 221 shares changing hands.

Analysts Set New Price Targets

QBCRF has been the topic of several recent research reports. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. TD Securities reiterated a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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Quebecor Price Performance

The business has a 50-day moving average of $45.81 and a two-hundred day moving average of $45.38. The firm has a market cap of $9.49 billion and a P/E ratio of 29.04. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01.

Quebecor (OTCMKTS:QBCRF – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.78 million. Quebecor had a return on equity of 33.21% and a net margin of 16.30%.

About Quebecor

(Get Free Report)

Quebecor Inc is a Canadian communications, media and entertainment company headquartered in Montreal, Quebec. Through its subsidiaries, the company provides telecommunications, media and cultural products and services primarily in Quebec and elsewhere in Canada.

Quebecor’s telecommunications operations are conducted mainly through Videotron, which offers cable television, internet access, wireless communications, landline telephone services and business telecommunications solutions. Videotron serves residential, commercial and institutional customers, with operations concentrated in Quebec and expanded service capabilities in other Canadian markets.

The company’s media activities include television production and broadcasting, news and magazine publishing, digital media, film distribution and book publishing.

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