Quebecor (OTCMKTS:QBCRF) Issues Quarterly Earnings Results

Quebecor (OTCMKTS:QBCRF) issued its earnings results on Thursday. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02, Zacks reports. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.02 million.

Quebecor Price Performance

OTCMKTS QBCRF opened at $47.05 on Friday. The business’s fifty day moving average price is $42.09 and its 200-day moving average price is $38.68. Quebecor has a 1-year low of $26.16 and a 1-year high of $47.05.

Analyst Upgrades and Downgrades

Several brokerages have commented on QBCRF. TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Friday. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday. Finally, Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Quebecor Company Profile

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.