Quebecor (OTCMKTS:QBCRF) Releases Earnings Results, Misses Expectations By $0.01 EPS

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

Quebecor Stock Performance

Shares of OTCMKTS QBCRF traded up $1.99 during trading on Thursday, hitting $47.39. The company had a trading volume of 56,534 shares, compared to its average volume of 68,626. Quebecor has a 12 month low of $26.93 and a 12 month high of $49.00. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. The firm has a market capitalization of $10.68 billion and a P/E ratio of 68.68. The stock has a 50 day simple moving average of $47.87 and a 200 day simple moving average of $43.55.

Wall Street Analysts Forecast Growth

QBCRF has been the subject of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Raymond James Financial began coverage on shares of Quebecor in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. TD Securities reiterated a “buy” rating on shares of Quebecor in a research note on Monday, June 29th. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research note on Tuesday, July 7th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Quebecor currently has an average 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.