Scotiabank lowered shares of Quebecor (TSE:QBR – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.
Quebecor Price Performance
Quebecor (TSE:QBR – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.89 earnings per share (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 during the quarter, compared to analyst estimates of C$1.43 billion.
Quebecor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.325 per share. 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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