Quebecor (OTCMKTS:QBCRF) Posts Earnings Results, Beats Estimates By $0.11 EPS

Quebecor (OTCMKTS:QBCRF) released its quarterly earnings data on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11, Zacks reports. Quebecor had a return on equity of 33.21% and a net margin of 16.30%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion.

Quebecor Price Performance

Shares of OTCMKTS:QBCRF traded up $1.24 during midday trading on Friday, hitting $54.56. The company’s stock had a trading volume of 450 shares, compared to its average volume of 57,182. 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 business’s 50 day simple moving average is $45.70 and its 200 day simple moving average is $44.30. Quebecor has a 12-month low of $33.80 and a 12-month high of $54.60. The company has a market cap of $12.21 billion and a P/E ratio of 37.37.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Zacks Research upgraded Quebecor to a “hold” rating in a research report on Monday, October 12th. Finally, Raymond James Financial upgraded Quebecor from a “market perform” rating to an “outperform” rating in a research report on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Quebecor Company Profile

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.