Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update
Quebecor Inc. (OTCMKTS:QBCRF) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 279,600 shares, a drop of 15.9% from the March 31st total of 332,400 shares. Based on an average daily volume of 2,400 shares, the short-interest ratio is currently 116.5 days.
Several brokerages recently issued reports on QBCRF. Scotiabank lifted their price target on shares of Quebecor from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Royal Bank of Canada lifted their price target on shares of Quebecor from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Canaccord Genuity downgraded shares of Quebecor from a “buy” rating to a “hold” rating in a report on Wednesday, January 6th. Finally, CIBC boosted their target price on shares of Quebecor from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, February 26th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.86.
Shares of OTCMKTS QBCRF opened at $27.26 on Tuesday. Quebecor has a 1-year low of $20.35 and a 1-year high of $29.55. The company has a 50-day moving average of $27.78 and a two-hundred day moving average of $25.85.
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, business solutions, wireline and mobile telephony, and over-the-top video services; and engages in the rental of movies and televisual products through its video-on-demand service.
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