Quebecor (OTCMKTS:QBCRF) Shares Gap Up – Time to Buy?

Quebecor Inc. (OTCMKTS:QBCRF – Get Free Report)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $43.10, but opened at $45.55. Quebecor shares last traded at $45.21, with a volume of 400 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on QBCRF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a research report on Monday, September 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Finally, Zacks Research upgraded shares of Quebecor to a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Get Quebecor alerts:

Check Out Our Latest Report on Quebecor

Quebecor Stock Performance

The stock’s 50 day moving average is $45.32 and its two-hundred day moving average is $45.46. The stock has a market capitalization of $10.12 billion and a price-to-earnings ratio of 30.97. 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 released its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%. Analysts expect that Quebecor Inc. will post 3.04 earnings per share for the current fiscal year.

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.

Featured Stories

• Five stocks we like better than Quebecor
• Birkenstock’s Strong Growth Creates a Buying Opportunity
• High Voltage Returns: Navitas Rewires AI Data Centers
• Quantum BioPharma’s Phase 2 Shows Where Biotech Value Actually Gets Built
• Albertsons Is Betting on a Turnaround—But Will It Pay Off?

Receive News & Ratings for Quebecor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quebecor and related companies with MarketBeat.com's FREE daily email newsletter.