Quebecor (OTCMKTS:QBCRF – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11, Zacks reports. Quebecor had a return on equity of 33.21% and a net margin of 16.30%.
Quebecor Stock Up 5.0%
Shares of QBCRF stock traded up $2.54 on Thursday, reaching $53.33. 119,163 shares of the company’s stock traded hands, compared to its average volume of 91,715. Quebecor has a 12-month low of $32.00 and a 12-month high of $53.40. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market capitalization of $11.94 billion and a P/E ratio of 36.53. The business’s 50 day moving average price is $45.70 and its two-hundred day moving average price is $44.30.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Zacks Research upgraded shares of Quebecor to a “hold” rating in a report on Monday, October 12th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. TD Securities restated a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on QBCRF
About Quebecor
Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.
Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.
Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.
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