Quebecor Inc. (OTCMKTS:QBCRF) Receives Average Recommendation of “Moderate Buy” from Analysts

Quebecor Inc. (OTCMKTS:QBCRF) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

Several brokerages recently weighed in on QBCRF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Monday. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th.

Quebecor Stock Performance

Shares of QBCRF stock opened at $48.32 on Tuesday. The stock has a 50-day simple moving average of $45.91 and a 200 day simple moving average of $41.53. Quebecor has a fifty-two week low of $26.93 and a fifty-two week high of $48.90. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39.

Quebecor (OTCMKTS:QBCRF) last announced its earnings results on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $982.02 million.

Quebecor Company Profile

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.