Quebecor Inc. (OTCMKTS:QBCRF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Quebecor Inc. (OTCMKTS:QBCRF) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

A number of equities analysts have recently commented on QBCRF shares. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Zacks Research upgraded shares of Quebecor to a “hold” rating in a research report on Monday, October 12th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Finally, TD Securities restated a “buy” rating on shares of Quebecor in a research report on Friday, August 7th.

Quebecor Trading Up 1.4%

Shares of QBCRF opened at $54.10 on Friday. The firm’s 50 day simple moving average is $45.89 and its 200 day simple moving average is $44.40. The company has a market capitalization of $12.11 billion and a P/E ratio of 37.05. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.68 and a quick ratio of 0.54. Quebecor has a 1-year low of $33.80 and a 1-year high of $54.60.

Quebecor (OTCMKTS:QBCRF) last announced its earnings results on Thursday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11. Quebecor had a net margin of 17.19% and a return on equity of 34.31%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Sell-side analysts forecast that Quebecor will post 3.07 earnings per share for the current fiscal year.

Quebecor Company Profile

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.

Pierre Karl Péladeau, the founder’s son, serves as president and chief executive officer.