Quebecor (TSE:QBR) Raised 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 on Wednesday,Zacks.com reports.

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

Quebecor Stock Performance

Quebecor (TSE:QBR) last announced 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 firm had revenue of C$1.39 billion during the quarter, compared to analyst estimates 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.