Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,813,040 shares, a growth of 175.5% from the July 15th total of 657,978 shares. Based on an average daily volume of 39,510 shares, the short-interest ratio is currently 45.9 days. Currently, 0.8% of the shares of the company are sold short.

Quebecor Stock Performance

Shares of Quebecor stock opened at $46.61 on Friday. Quebecor has a fifty-two week low of $28.67 and a fifty-two week high of $49.05. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.76 and a current ratio of 0.94. The company has a market capitalization of $10.50 billion and a P/E ratio of 31.92. The company has a fifty day moving average of $47.74 and a 200 day moving average of $44.00.

Quebecor (OTCMKTS:QBCRF) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Quebecor had a net margin of 16.30% and a return on equity of 34.04%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.78 million.

Analyst Ratings Changes

QBCRF has been the topic of several research reports. TD Securities restated a “buy” rating on shares of Quebecor in a report on Friday, August 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Quebecor in a research note on Friday, August 7th. Raymond James Financial assumed coverage on Quebecor in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a research report on Friday, July 10th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Quebecor

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.