Scotiabank downgraded shares of Quebecor (TSE:QBR – Free Report) from a strong-buy rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.
Quebecor Price Performance
Quebecor (TSE:QBR – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.89 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.05. The firm had revenue of C$1.39 billion during the quarter, compared to analysts’ expectations of C$1.43 billion.
Quebecor Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 23rd were paid a $0.325 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $1.30 annualized dividend and a yield of ∞.
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.
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