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

Key Points

• Quebecor shares fell sharply at the open, dropping from a prior close of $47.05 to $44.56, with 166 shares traded.
• Analyst sentiment remains favorable overall: four analysts rate the stock a Buy and three rate it Hold, resulting in a consensus rating of “Moderate Buy.”
• 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 Inc. (OTCMKTS:QBCRF - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $47.05, but opened at $44.56. Quebecor shares last traded at $44.56, with a volume of 166 shares trading hands.

Analyst Ratings Changes

QBCRF has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of Quebecor in a research note on Friday, August 7th. TD Securities reaffirmed a "buy" rating on shares of Quebecor in a research 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. Raymond James Financial initiated coverage on Quebecor in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Finally, Scotiabank restated a "sector perform" rating on shares of Quebecor in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Quebecor Stock Performance

The stock has a fifty day simple moving average of $47.64 and a 200-day simple moving average of $44.28. The stock has a market cap of $9.97 billion and a P/E ratio of 30.52. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94.

Quebecor (OTCMKTS:QBCRF - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.01). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 34.04%.

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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