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

Quebecor Inc. (OTCMKTS:QBCRF)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $43.10, but opened at $45.55. Quebecor shares last traded at $45.21, with a volume of 400 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Finally, Zacks Research upgraded Quebecor to a “hold” rating in a report on Monday. Three 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, Quebecor currently has a consensus rating of “Moderate Buy”.

Quebecor Stock Performance

The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.54 and a current ratio of 0.68. The company has a market capitalization of $10.12 billion and a P/E ratio of 30.97. The stock’s fifty day moving average price is $45.32 and its 200-day moving average price is $45.46.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business 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 33.21%. As a group, research analysts anticipate that Quebecor Inc. will post 3.04 EPS for the current fiscal 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.