Quebecor (QBCRF) Projected to Post Earnings on Thursday

Quebecor (OTCMKTS:QBCRF) is expected to be releasing its results before the market opens on Thursday, August 6th. Analysts expect Quebecor to post earnings of $0.7780 per share and revenue of $997.7790 million for the quarter.

Quebecor (OTCMKTS:QBCRF) last issued its earnings results on Thursday, May 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.02 million. Quebecor had a net margin of 15.55% and a return on equity of 33.84%.

Quebecor Stock Down 3.0%

OTCMKTS:QBCRF opened at $45.40 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 2.39. The stock has a 50 day moving average of $47.96 and a 200-day moving average of $43.39. The firm has a market capitalization of $10.23 billion and a PE ratio of 65.80. Quebecor has a 52 week low of $26.93 and a 52 week high of $49.00.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QBCRF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Raymond James Financial assumed coverage on shares of Quebecor in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Finally, TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.