Quebecor (OTCMKTS:QBCRF) Shares Gap Down – Here’s Why

Quebecor Inc. (OTCMKTS:QBCRF) shares gapped down before the market opened on Thursday . The stock had previously closed at $47.72, but opened at $44.66. Quebecor shares last traded at $44.66, with a volume of 140 shares traded.

Wall Street Analysts Forecast Growth

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

Quebecor Price Performance

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 stock has a market cap of $10.06 billion and a PE ratio of 64.72. The stock has a 50 day moving average of $47.50 and a two-hundred day moving average of $42.42.

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

About Quebecor

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.