Quebecor (OTCMKTS:QBCRF) Shares Gap Down - Here's What Happened

Key Points

• Quebecor shares gapped down on Thursday, opening at $44.66 after closing at $47.72 the prior day. Trading volume was very light, with only 140 shares changing hands.
• Analyst sentiment remains mixed but generally positive: several firms reiterated or initiated ratings, and MarketBeat says Quebecor’s overall rating is currently “Moderate Buy.” Four analysts rate it a Buy and three rate it Hold.
• The company recently posted better-than-expected earnings, reporting $0.69 EPS versus $0.67 expected and revenue of $1 billion versus $982.02 million estimated. Quebecor also reported a 15.55% net margin and 33.84% return on equity.

Quebecor Inc. (OTCMKTS:QBCRF - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $47.72, but opened at $44.66. Quebecor shares last traded at $44.66, with a volume of 140 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Quebecor in a report on Friday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Quebecor in a research report on Friday, May 15th. Raymond James Financial initiated coverage on shares of Quebecor in a research report on Wednesday. They set a "market perform" rating on the stock. TD Securities restated a "buy" rating on shares of Quebecor in a research report on Monday, June 29th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Quebecor in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Quebecor currently has an average rating of "Moderate Buy".

Quebecor Stock Performance

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 company has a market capitalization of $10.06 billion and a price-to-earnings ratio of 64.72. The stock has a fifty day moving average price of $47.50 and a two-hundred day moving average price of $42.42.

Quebecor (OTCMKTS:QBCRF - Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $982.02 million. Quebecor had a net margin of 15.55% and a return on equity of 33.84%.

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.

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