Quebecor (OTCMKTS:QBCRF) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Quebecor (OTCMKTS:QBCRF) posted its quarterly earnings results on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11, Zacks reports. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Quebecor had a return on equity of 33.21% and a net margin of 16.30%.

Quebecor Trading Up 1.4%

OTCMKTS QBCRF traded up $0.77 during trading on Friday, reaching $54.10. 47,349 shares of the stock traded hands, compared to its average volume of 90,803. The firm has a market cap of $12.11 billion and a price-to-earnings ratio of 37.05. The stock’s 50-day moving average price is $45.89 and its 200 day moving average price is $44.40. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 2.01. Quebecor has a fifty-two week low of $33.80 and a fifty-two week high of $54.60.

Wall Street Analyst Weigh In

QBCRF has been the topic of a number of research reports. TD Securities restated a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Zacks Research upgraded shares of Quebecor to a “hold” rating in a research report on Monday, October 12th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Scotiabank reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Quebecor Company Profile

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.