Quebecor (OTCMKTS:QBCRF) Stock Lifted to “Hold” by Zacks Research

Zacks Research upgraded shares of Quebecor (OTCMKTS:QBCRF) to a hold rating in a report released on Monday,Zacks reports.

QBCRF has been the topic of a number of other research reports. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Finally, Raymond James Financial raised Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quebecor presently has an average rating of “Moderate Buy”.

Quebecor Stock Up 4.8%

Shares of Quebecor stock opened at $45.18 on Monday. The company has a market cap of $10.11 billion and a P/E ratio of 30.95. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.54 and a current ratio of 0.68. Quebecor has a one year low of $30.47 and a one year high of $49.05. The firm has a fifty day moving average of $45.32 and a two-hundred day moving average of $45.46.

Quebecor (OTCMKTS:QBCRF) last issued its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share 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 analysts’ expectations of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%. On average, analysts forecast that Quebecor will post 3.04 earnings per share for the current 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.