Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Should You Sell?

Quebecor Inc. (OTCMKTS:QBCRF) shares gapped down prior to trading on Wednesday. The stock had previously closed at $44.09, but opened at $42.40. Quebecor shares last traded at $42.40, with a volume of 221 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on QBCRF shares. TD Securities restated a “buy” rating on shares of Quebecor in a research report on Friday, August 7th. Raymond James Financial upgraded shares of Quebecor from a “market perform” rating to an “outperform” rating in a report on Monday, September 14th. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Quebecor Price Performance

The company has a debt-to-equity ratio of 2.01, a current ratio of 0.68 and a quick ratio of 0.54. The company’s 50-day simple moving average is $45.81 and its 200-day simple moving average is $45.38. The stock has a market capitalization of $9.49 billion and a P/E ratio of 29.04.

Quebecor (OTCMKTS:QBCRF) last released its quarterly earnings data 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $997.78 million. Quebecor had a net margin of 16.30% and a return on equity of 33.21%.

Quebecor Company Profile

Quebecor Inc is a Canadian communications, media and entertainment company headquartered in Montreal, Quebec. Through its subsidiaries, the company provides telecommunications, media and cultural products and services primarily in Quebec and elsewhere in Canada.

Quebecor’s telecommunications operations are conducted mainly through Videotron, which offers cable television, internet access, wireless communications, landline telephone services and business telecommunications solutions. Videotron serves residential, commercial and institutional customers, with operations concentrated in Quebec and expanded service capabilities in other Canadian markets.

The company’s media activities include television production and broadcasting, news and magazine publishing, digital media, film distribution and book publishing.