Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Should You Sell?

Quebecor Inc. (OTCMKTS:QBCRF) gapped down prior to trading on Monday . The stock had previously closed at $44.51, but opened at $39.3350. Quebecor shares last traded at $35.6010, with a volume of 569 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday. Finally, TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The firm has a 50 day simple moving average of $42.25 and a 200-day simple moving average of $38.94.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $982.02 million.

Quebecor Company Profile

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.