Quebecor Inc. (QBCRF) - What Are Brokerages Thinking About This Stock?

Key Points

• Quebecor has a consensus “Moderate Buy” rating from six brokerages, split evenly between three buy ratings and three hold ratings. Raymond James recently upgraded the stock to “outperform,” while RBC and Scotiabank maintained “sector perform” ratings.
• Shares opened at $45.18, near their 50-day and 200-day moving averages, with a 12-month range of $30.47 to $49.05 and a market capitalization of approximately $10.11 billion.
• Quebecor narrowly missed quarterly earnings expectations, reporting $0.77 per share versus the $0.78 consensus, though revenue of $1.01 billion exceeded estimates of $997.78 million. Analysts expect full-year earnings of about $3.04 per share.

Shares of Quebecor Inc. (OTCMKTS:QBCRF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

QBCRF has been the subject of several recent research reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of Quebecor in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Quebecor in a research note on Friday, July 10th. Raymond James Financial upgraded shares of Quebecor from a "market perform" rating to an "outperform" rating in a report on Monday, September 14th. TD Securities reissued a "buy" rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Scotiabank restated a "sector perform" rating on shares of Quebecor in a research note on Friday, August 7th.

Quebecor Stock Performance

Shares of Quebecor stock opened at $45.18 on Wednesday. The business has a 50-day moving average of $45.32 and a 200 day moving average of $45.46. Quebecor has a 12 month low of $30.47 and a 12 month high of $49.05. The stock has a market capitalization of $10.11 billion and a price-to-earnings ratio of 30.95. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.68 and a quick ratio of 0.54.

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 analyst estimates of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%. As a group, sell-side 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.

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