Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 662,265 shares, a decline of 47.4% from the June 15th total of 1,258,557 shares. Based on an average daily trading volume, of 159,644 shares, the short-interest ratio is currently 4.1 days. Approximately 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

QBCRF has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Quebecor in a research report on Friday. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Tuesday, July 7th. TD Securities reiterated a “buy” rating on shares of Quebecor in a report on Monday, June 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Quebecor currently has a consensus rating of “Moderate Buy”.

Quebecor Price Performance

Shares of OTCMKTS:QBCRF opened at $47.72 on Wednesday. The business has a fifty day moving average price of $47.39 and a 200-day moving average price of $42.35. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.94 and a quick ratio of 0.76. The company has a market capitalization of $10.75 billion and a PE ratio of 69.16. Quebecor has a 1-year low of $26.93 and a 1-year high of $49.00.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Quebecor had a net margin of 15.55% and a return on equity of 33.84%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.02 million.

Quebecor Company Profile

Quebecor Inc is a Canadian integrated media and telecommunications company offering a diversified portfolio of services and content. Through its wholly owned subsidiary Vidéotron, the company provides cable television, high-speed internet, wireless telephony and residential and business telecom solutions. Its media arm, Quebecor Media, publishes newspapers and magazines, operates specialty and conventional television networks and engages in digital media and advertising across multiple platforms.

Founded by Pierre Péladeau in 1965 as a printing enterprise in Montreal, Quebecor has expanded its operations over five decades into one of Canada’s leading content creators and service providers.