Quebecor (OTCMKTS:QBCRF) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded Quebecor to a “hold” rating, while analyst sentiment remains a “Moderate Buy” overall, with three Buy and three Hold ratings.
• Quebecor shares opened at $45.18, compared with a 52-week range of $30.47 to $49.05; the company has a market capitalization of approximately $10.11 billion and a P/E ratio of 30.95.
• In its latest quarter, Quebecor reported $0.77 in earnings per share, slightly below the $0.78 consensus estimate, while revenue of $1.01 billion exceeded expectations of $997.78 million.

Quebecor (OTCMKTS:QBCRF - Get Free Report) was upgraded by investment analysts at Zacks Research to a "hold" rating in a note issued to investors on Monday, Zacks reports.

Several other equities analysts have also recently weighed in on QBCRF. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Quebecor in a research report on Friday, August 7th. Scotiabank restated a "sector perform" rating on shares of Quebecor in a report on Friday, August 7th. Raymond James Financial upgraded Quebecor from a "market perform" rating to an "outperform" rating in a report on Monday, September 14th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Quebecor in a research report on Friday, July 10th. Finally, TD Securities reaffirmed a "buy" rating on shares of Quebecor in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Quebecor Price Performance

QBCRF stock opened at $45.18 on Monday. 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 has a one year low of $30.47 and a one year high of $49.05. The firm has a market capitalization of $10.11 billion and a PE ratio of 30.95. The firm has a 50-day moving average of $45.32 and a two-hundred day moving average of $45.46.

Quebecor (OTCMKTS:QBCRF - Get Free Report) last released 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 return on equity of 33.21% and a net margin of 16.30%. On average, analysts forecast that Quebecor will post 3.04 earnings per share for the current year.

Quebecor Company Profile

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.

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