Quebecor (OTCMKTS:QBCRF) Shares Gap Up – Should You Buy?

Quebecor Inc. (OTCMKTS:QBCRF) shares gapped up before the market opened on Wednesday. The stock had previously closed at $43.10, but opened at $45.55. Quebecor shares last traded at $45.21, with a volume of 400 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on QBCRF. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Zacks Research upgraded Quebecor to a “hold” rating in a research report on Monday. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Quebecor Trading Up 0.7%

The stock’s fifty day moving average price is $45.28 and its 200-day moving average price is $45.50. 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). Quebecor had a return on equity of 33.21% and a net margin of 16.30%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Equities research analysts anticipate that Quebecor Inc. will post 3.04 EPS 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.