Quebecor (OTCMKTS:QBCRF) Shares Gap Down – What’s Next?

Quebecor Inc. (OTCMKTS:QBCRF) shares gapped down before the market opened 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.

Wall Street Analyst Weigh In

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

Quebecor Trading Down 0.7%

The company has a 50 day moving average price of $42.09 and a 200 day moving average price of $38.73.

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

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.