Quebecor Inc. (OTCMKTS:QBCRF) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Quebecor Inc. (OTCMKTS:QBCRF) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of research analysts have weighed in on QBCRF shares. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Zacks Research raised Quebecor to a “hold” rating in a research report on Monday, October 12th.

Quebecor Price Performance

Shares of QBCRF stock opened at $46.50 on Wednesday. Quebecor has a fifty-two week low of $31.40 and a fifty-two week high of $49.05. The stock has a 50 day simple moving average of $45.15 and a two-hundred day simple moving average of $45.59. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01.

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 the consensus estimate of $0.78 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%. As a group, analysts forecast that Quebecor will post 3.04 earnings per share for the current fiscal year.

About Quebecor

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.