Investment analysts at Scotiabank assumed coverage on shares of Quebecor (OTCMKTS:QBCRF – Get Free Report) in a report issued on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.
QBCRF has been the subject of several other reports. TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Zacks Research raised Quebecor to a “hold” rating in a research report on Monday, October 12th. Raymond James Financial upgraded Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on QBCRF
Quebecor Stock Performance
QBCRF opened at $54.02 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01. The firm has a market cap of $12.09 billion and a price-to-earnings ratio of 22.51. Quebecor has a 12 month low of $34.76 and a 12 month high of $54.60. The stock has a fifty day moving average price of $46.67 and a 200-day moving average price of $44.76.
Quebecor (OTCMKTS:QBCRF – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Quebecor had a return on equity of 34.31% and a net margin of 17.19%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities research analysts anticipate that Quebecor will post 3.16 earnings per share for the current fiscal year.
About Quebecor
Quebecor is a Montreal-based communications and media company founded in 1965 by Pierre Péladeau. Its operations span telecommunications, television, news and publishing, with most of its business focused on Quebec and additional services and media activities in other Canadian markets. Through Videotron, Quebecor provides cable television, internet, mobile and business telecommunications services. Its media operations include TVA Group’s television channels and production activities, as well as newspapers such as Le Journal de Montréal and Le Journal de Québec , alongside publishing and digital media businesses.
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