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

Quebecor Inc. (OTCMKTS:QBCRF)’s share price gapped down before the market opened on Friday. The stock had previously closed at $45.40, but opened at $43.08. Quebecor shares last traded at $43.08, with a volume of 336 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on QBCRF. Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating in a research report on Monday, September 14th. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy”.

Quebecor Stock Down 5.1%

The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $9.64 billion and a PE ratio of 29.51. The business has a 50-day moving average price of $45.46 and a 200-day moving average price of $45.46.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.78 million. Quebecor had a return on equity of 33.21% and a net margin of 16.30%.

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.