Quebecor (TSE:QBR – Free Report) – Equities researchers at Cormark reduced their FY2024 earnings per share estimates for Quebecor in a research note issued on Thursday, October 31st. Cormark analyst D. Mcfadgen now forecasts that the company will post earnings of $3.28 per share for the year, down from their prior forecast of $3.29.
Separately, Scotiabank cut Quebecor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.
Quebecor Stock Performance
Quebecor (TSE:QBR – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.89 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.05. The business had revenue of C$1.39 billion for the quarter, compared to analysts’ expectations of C$1.43 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.
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