Quebecor (TSE:QBR) Rating Increased to Moderate Buy at Royal Bank of Canada

Quebecor (TSE:QBR) was upgraded by Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Scotiabank cut shares of Quebecor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Quebecor Price Performance

Quebecor (TSE:QBR) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.82 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.01). The business had revenue of C$1.39 billion for the quarter, compared to analysts’ expectations of C$1.41 billion.

About Quebecor

Quebecor Inc, together with its subsidiaries, operates in the telecommunications, media, and sports and entertainment businesses in Canada. Its Telecommunications segment offers television distribution, Internet access, wireline and mobile telephony, business solutions, and over-the-top video services; and Helix, a technology platform that provides entertainment and home management with features, including voice remote, ultra-intelligent Wi-Fi, and support for home automation.