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

Royal Bank of Canada upgraded shares of Quebecor (TSE:QBR) from a hold rating to a moderate buy rating in a report issued on Wednesday morning,Zacks.com reports.

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

Quebecor Stock Performance

Quebecor (TSE:QBR) last issued its earnings results 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 company had revenue of C$1.39 billion during the quarter, compared to analyst estimates of C$1.41 billion.

Quebecor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 22nd were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Friday, November 22nd.

Quebecor Company Profile

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.