Quebecor (OTCMKTS:QBCRF) Issues Earnings Results, Misses Estimates By $0.01 EPS

Quebecor (OTCMKTS:QBCRF) released its quarterly earnings data on Thursday. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01), Zacks reports. Quebecor had a net margin of 15.55% and a return on equity of 33.84%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million.

Quebecor Price Performance

QBCRF stock remained flat at $47.39 during midday trading on Friday. The company’s stock had a trading volume of 56,534 shares, compared to its average volume of 68,626. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39. The firm’s fifty day simple moving average is $47.87 and its 200 day simple moving average is $43.55. The company has a market cap of $10.68 billion and a PE ratio of 68.68. Quebecor has a one year low of $26.93 and a one year high of $49.00.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Raymond James Financial assumed coverage on Quebecor in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research note on Tuesday, July 7th. Finally, TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research report on Monday, June 29th. Four 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, Quebecor presently has a consensus rating of “Moderate Buy”.

About Quebecor

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.