Quebecor (OTCMKTS:QBCRF) Releases Earnings Results, Beats Estimates By $0.02 EPS

Quebecor (OTCMKTS:QBCRF) posted its quarterly earnings data on Thursday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02, Zacks reports. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million.

Quebecor Stock Up 5.7%

QBCRF opened at $47.05 on Friday. Quebecor has a 12-month low of $26.16 and a 12-month high of $47.05. The business has a 50 day moving average of $42.09 and a 200-day moving average of $38.68.

Analyst Ratings Changes

A number of research firms have weighed in on QBCRF. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Friday. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday. Finally, TD Securities restated a “buy” rating on shares of Quebecor in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Quebecor has a consensus rating of “Moderate Buy”.

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.