Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Should You Sell?

Quebecor Inc. (OTCMKTS:QBCRF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $44.51, but opened at $39.3350. Quebecor shares last traded at $35.6010, with a volume of 569 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on QBCRF shares. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday. Finally, TD Securities reiterated a “buy” rating on shares of Quebecor in a report on Friday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy”.

Quebecor Stock Down 0.7%

The firm has a 50 day moving average of $42.09 and a two-hundred day moving average of $38.73.

Quebecor (OTCMKTS:QBCRF) last posted its earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.02 million.

About Quebecor

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.