Quebecor (OTCMKTS:QBCRF) Raised to Hold at Zacks Research

Quebecor (OTCMKTS:QBCRF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other research firms also recently weighed in on QBCRF. Raymond James Financial raised Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Finally, TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Quebecor Trading Up 4.8%

OTCMKTS QBCRF opened at $45.18 on Monday. 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 has a 1-year low of $30.47 and a 1-year high of $49.05. The firm’s fifty day simple moving average is $45.32 and its 200-day simple moving average is $45.46. The company has a market capitalization of $10.11 billion and a PE ratio of 30.95.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Quebecor had a net margin of 16.30% and a return on equity of 33.21%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.78 million. As a group, sell-side analysts anticipate that Quebecor will post 3.04 earnings per share for the current fiscal year.

Quebecor Company Profile

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.