Quebecor (QBCRF) Projected to Post Earnings on Thursday

Quebecor (OTCMKTS:QBCRF) is anticipated to issue its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.8450 per share and revenue of $1.02 billion for the quarter.

Quebecor (OTCMKTS:QBCRF) last issued its earnings results 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). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Quebecor had a return on equity of 33.21% and a net margin of 16.30%. On average, analysts expect Quebecor to post $3.04 EPS for the current fiscal year and $3.38 EPS for the next fiscal year.

Quebecor Price Performance

Shares of Quebecor stock opened at $48.20 on Tuesday. Quebecor has a 12-month low of $31.40 and a 12-month high of $49.05. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 2.01. The stock’s fifty day moving average is $45.33 and its 200-day moving average is $44.06.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research raised Quebecor to a “hold” rating in a research note on Monday, October 12th. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Raymond James Financial raised shares of Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, August 7th. Finally, TD Securities reissued a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Quebecor presently has a consensus rating of “Moderate Buy”.

Quebecor Company Profile

Quebecor Inc is a Canadian communications and media company headquartered in Montreal, Quebec. Founded in 1965 by Pierre Péladeau, the company has developed from a publishing business into an integrated provider of telecommunications, media and entertainment services.

Through Videotron, Quebecor provides wireless and wireline telecommunications services, including mobile connectivity, internet access, television distribution and residential and business telephony. The company also operates Freedom Mobile, expanding its wireless presence beyond Quebec into other Canadian markets.

Quebecor’s media activities include television networks and content production through TVA Group, news and magazine publishing, digital media, and sports and entertainment properties.