Quebecor (OTCMKTS:QBCRF) Now Covered by Analysts at Scotiabank

Scotiabank assumed coverage on shares of Quebecor (OTCMKTS:QBCRF) in a report released on Wednesday morning,Zacks reports. The firm issued a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Zacks Research upgraded shares of Quebecor to a “hold” rating in a research report on Monday, October 12th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Finally, Royal Bank Of Canada reissued 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 three have given a Hold rating to the company. According to data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

Quebecor stock opened at $54.02 on Wednesday. The business’s fifty day moving average is $46.67 and its two-hundred day moving average is $44.76. 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 firm has a market cap of $12.09 billion and a P/E ratio of 22.51. Quebecor has a 52 week low of $34.76 and a 52 week high of $54.60.

Quebecor (OTCMKTS:QBCRF) last announced its earnings results on Thursday, November 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Quebecor had a return on equity of 34.31% and a net margin of 17.19%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Equities research analysts forecast that Quebecor will post 3.16 earnings per share for the current fiscal year.

About Quebecor

Quebecor is a Montreal-based communications and media company founded in 1965 by Pierre Péladeau. Its operations span telecommunications, television, news and publishing, with most of its business focused on Quebec and additional services and media activities in other Canadian markets. Through Videotron, Quebecor provides cable television, internet, mobile and business telecommunications services. Its media operations include TVA Group’s television channels and production activities, as well as newspapers such as Le Journal de Montréal and Le Journal de Québec , alongside publishing and digital media businesses.