Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Here’s What Happened

Quebecor Inc. (OTCMKTS:QBCRF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $49.0520, but opened at $46.95. Quebecor shares last traded at $46.95, with a volume of 100 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on QBCRF. Scotiabank restated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Raymond James Financial initiated coverage on Quebecor in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday. TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. The business has a 50 day simple moving average of $47.86 and a 200-day simple moving average of $43.84. The firm has a market cap of $10.58 billion and a price-to-earnings ratio of 68.04.

Quebecor (OTCMKTS:QBCRF) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Quebecor had a return on equity of 34.04% and a net margin of 16.30%.The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million.

About Quebecor

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.