Scotiabank Begins Coverage on Quebecor (OTCMKTS:QBCRF)

Equities researchers at Scotiabank assumed coverage on shares of Quebecor (OTCMKTS:QBCRF) in a note issued to investors on Wednesday, Zacks reports. The brokerage set a “hold” rating on the stock.

Other research analysts have also issued reports about the company. Raymond James Financial raised Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Finally, Zacks Research upgraded Quebecor to a “hold” rating in a research report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

OTCMKTS:QBCRF opened at $54.02 on Wednesday. Quebecor has a 12 month low of $34.76 and a 12 month high of $54.60. The firm has a fifty day simple moving average of $46.67 and a 200-day simple moving average of $44.76. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01. The company has a market capitalization of $12.09 billion and a P/E ratio of 22.51.

Quebecor (OTCMKTS:QBCRF) last released its earnings results on Thursday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11. Quebecor had a return on equity of 34.31% and a net margin of 17.19%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts anticipate that Quebecor will post 3.16 earnings per share for the current year.

About Quebecor

Quebecor is a Montreal-based communications and media company founded in 1965 by Pierre Péladeau. Its operations span telecommunications, television, news and publishing, with most of its business focused on Quebec and additional services and media activities in other Canadian markets. Through Videotron, Quebecor provides cable television, internet, mobile and business telecommunications services. Its media operations include TVA Group’s television channels and production activities, as well as newspapers such as Le Journal de Montréal and Le Journal de Québec , alongside publishing and digital media businesses.