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 research note released on Wednesday,Zacks.com reports.

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

Quebecor Stock Performance

Quebecor (TSE:QBR) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.82 earnings per share for the quarter, missing the consensus estimate 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.

Quebecor Announces Dividend

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

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.