Quebecor (QBCRF) Expected to Announce Quarterly Earnings on Thursday

Quebecor (OTCMKTS:QBCRF) is anticipated to announce its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.7780 per share and revenue of $997.7790 million for the quarter.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Quebecor had a net margin of 15.55% and a return on equity of 33.84%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million.

Quebecor Stock Performance

OTCMKTS:QBCRF opened at $46.82 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.94 and a quick ratio of 0.76. Quebecor has a 1 year low of $26.93 and a 1 year high of $49.00. The stock’s 50 day simple moving average is $48.03 and its two-hundred day simple moving average is $43.32. The company has a market cap of $10.55 billion and a price-to-earnings ratio of 67.86.

Analyst Upgrades and Downgrades

Several analysts have issued reports on QBCRF shares. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, June 29th. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a research note on Friday, July 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, Raymond James Financial began coverage on Quebecor in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.