Quebecor (OTCMKTS:QBCRF) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Quebecor (OTCMKTS:QBCRF) announced its quarterly earnings results on Thursday. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01), Zacks reports. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.

Quebecor Stock Performance

Shares of OTCMKTS QBCRF traded up $1.99 during midday trading on Thursday, hitting $47.39. 56,534 shares of the company’s stock were exchanged, compared to its average volume of 68,626. Quebecor has a twelve month low of $26.93 and a twelve month high of $49.00. The firm has a market cap of $10.68 billion and a P/E ratio of 68.68. The stock’s 50 day moving average price is $47.87 and its 200-day moving average price is $43.55. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.94 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Raymond James Financial assumed coverage on Quebecor in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Tuesday, July 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. TD Securities restated a “buy” rating on shares of Quebecor in a research report on Monday, June 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

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.