Quebecor (TSE:QBR) Stock Rating Lowered by Scotiabank

Quebecor (TSE:QBR) was downgraded by stock analysts at Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

Quebecor Price Performance

Quebecor (TSE:QBR) last posted its earnings results on Thursday, August 8th. The company reported C$0.89 EPS for the quarter, beating the consensus estimate of C$0.84 by C$0.05. The company had revenue of C$1.39 billion for the quarter, compared to the consensus estimate of C$1.43 billion.

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.