Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Here’s What Happened

Shares of Quebecor Inc. (OTCMKTS:QBCRF) gapped down prior to trading on Wednesday . The stock had previously closed at $49.0520, but opened at $46.95. Quebecor shares last traded at $46.95, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

QBCRF has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Raymond James Financial initiated coverage on shares of Quebecor in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Finally, TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quebecor presently has an average rating of “Moderate Buy”.

Quebecor Stock Performance

The company has a debt-to-equity ratio of 2.39, a current ratio of 0.94 and a quick ratio of 0.76. The stock has a fifty day simple moving average of $47.78 and a two-hundred day simple moving average of $43.99. The firm has a market capitalization of $10.50 billion and a P/E ratio of 31.92.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $997.78 million. Quebecor had a return on equity of 34.04% and a net margin of 16.30%.

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.