Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

Quebecor Inc. (OTCMKTS:QBCRF) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 1,258,557 shares, a decline of 56.9% from the May 31st total of 2,918,389 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 271 shares, the days-to-cover ratio is presently 4,644.1 days.

Quebecor Trading Down 2.2%

Shares of OTCMKTS:QBCRF traded down $1.09 during midday trading on Tuesday, hitting $47.24. The company’s stock had a trading volume of 550 shares, compared to its average volume of 12,537. Quebecor has a 12-month low of $26.93 and a 12-month high of $48.90. The business’s 50 day simple moving average is $45.91 and its 200 day simple moving average is $41.53. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on QBCRF. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a report on Monday. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.