Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Time to Sell?

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $47.72, but opened at $44.66. Quebecor shares last traded at $44.66, with a volume of 140 shares.

Analyst Upgrades and Downgrades

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

Quebecor Stock Performance

The business has a fifty day moving average price of $47.73 and a 200 day moving average price of $42.53. The firm has a market capitalization of $10.79 billion and a price-to-earnings ratio of 69.36. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $982.02 million. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.

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.