Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Here’s What Happened

Shares of Quebecor Inc. (OTCMKTS:QBCRF) gapped down before the market opened on Friday. The stock had previously closed at $45.40, but opened at $43.08. Quebecor shares last traded at $43.08, with a volume of 336 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on QBCRF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Raymond James Financial upgraded Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. TD Securities reissued a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The stock has a market capitalization of $9.64 billion and a price-to-earnings ratio of 29.51. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average of $45.46 and a 200-day moving average of $45.46.

Quebecor (OTCMKTS:QBCRF) last posted its quarterly 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). Quebecor had a net margin of 16.30% and a return on equity of 33.21%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $997.78 million.

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.