Quebecor (OTCMKTS:QBCRF) Stock Rated “Hold” in New Coverage at Scotiabank

Scotiabank started coverage on shares of Quebecor (OTCMKTS:QBCRF) in a research note issued on Wednesday, Zacks reports. The firm set a “hold” rating on the stock.

QBCRF has been the topic of several other reports. Zacks Research upgraded Quebecor to a “hold” rating in a report on Monday, October 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. TD Securities reiterated a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Finally, Raymond James Financial upgraded Quebecor from a “market perform” rating to an “outperform” rating in a research note on Monday, September 14th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Quebecor currently has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

Shares of QBCRF opened at $54.02 on Wednesday. The firm has a fifty day moving average price of $46.67 and a 200-day moving average price of $44.76. The company has a current ratio of 0.68, a quick ratio of 0.54 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $12.09 billion and a P/E ratio of 22.51. Quebecor has a 12-month low of $34.76 and a 12-month high of $54.60.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Quebecor had a net margin of 17.19% and a return on equity of 34.31%. Equities research analysts expect that Quebecor will post 3.16 earnings per share for the current year.

Quebecor Company Profile

Quebecor is a Montreal-based communications and media company founded in 1965 by Pierre Péladeau. Its operations span telecommunications, television, news and publishing, with most of its business focused on Quebec and additional services and media activities in other Canadian markets. Through Videotron, Quebecor provides cable television, internet, mobile and business telecommunications services. Its media operations include TVA Group’s television channels and production activities, as well as newspapers such as Le Journal de Montréal and Le Journal de Québec , alongside publishing and digital media businesses.