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

Quebecor Inc. (OTCMKTS:QBCRF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $47.05, but opened at $44.56. Quebecor shares last traded at $44.56, with a volume of 166 shares trading hands.

Analyst Upgrades and Downgrades

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

Quebecor Stock Up 0.8%

The stock has a fifty day moving average of $47.47 and a 200 day moving average of $44.34. 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 firm has a market capitalization of $10.06 billion and a P/E ratio of 30.79.

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