Quebecor (OTCMKTS:QBCRF) Raised to “Hold” at Zacks Research

Quebecor (OTCMKTS:QBCRF) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

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

Quebecor Price Performance

Shares of OTCMKTS QBCRF opened at $45.18 on Monday. The firm’s 50-day moving average price is $45.32 and its 200-day moving average price is $45.46. Quebecor has a 1-year low of $30.47 and a 1-year high of $49.05. The firm has a market capitalization of $10.11 billion and a P/E ratio of 30.95. 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 issued its earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%. Equities research analysts anticipate that Quebecor will post 3.04 earnings per share for the current fiscal year.

About Quebecor

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.