Quebecor (OTCMKTS:QBCRF) Shares Gap Down – What’s Next?

Shares of Quebecor Inc. (OTCMKTS:QBCRF) gapped down prior to trading on Wednesday . The stock had previously closed at $49.0520, but opened at $46.95. Quebecor shares last traded at $46.95, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial started coverage on shares of Quebecor in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday. TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The stock has a market cap of $10.58 billion and a P/E ratio of 68.04. The business has a 50 day simple moving average of $47.86 and a 200-day simple moving average of $43.84. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94.

Quebecor (OTCMKTS:QBCRF) last released its earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $997.78 million. Quebecor had a return on equity of 34.04% and a net margin of 16.30%.

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.