Quebecor (OTCMKTS:QBCRF) Releases Earnings Results, Beats Estimates By $0.11 EPS

Quebecor (OTCMKTS:QBCRF) announced its earnings results on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11, Zacks reports. Quebecor had a net margin of 16.30% and a return on equity of 33.21%.

Quebecor Stock Up 5.0%

OTCMKTS QBCRF traded up $2.54 on Thursday, hitting $53.33. 119,163 shares of the company’s stock were exchanged, compared to its average volume of 91,715. The firm’s 50-day moving average price is $45.70 and its two-hundred day moving average price is $44.30. Quebecor has a fifty-two week low of $32.00 and a fifty-two week high of $53.40. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.54 and a current ratio of 0.68.

Analyst Ratings Changes

A number of analysts recently weighed in on QBCRF shares. Zacks Research upgraded shares of Quebecor to a “hold” rating in a research note on Monday, October 12th. Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.