Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

Quebecor Inc. (OTCMKTS:QBCRF) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 662,265 shares, a decrease of 47.4% from the June 15th total of 1,258,557 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 159,644 shares, the days-to-cover ratio is presently 4.1 days.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Securities reissued a “buy” rating on shares of Quebecor in a research note on Monday, June 29th. Scotiabank reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, Raymond James Financial assumed coverage on Quebecor in a report on Wednesday. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Quebecor currently has an average rating of “Moderate Buy”.

Quebecor Price Performance

Shares of Quebecor stock opened at $47.63 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 2.39. The company’s 50-day moving average price is $47.50 and its two-hundred day moving average price is $42.42. Quebecor has a 52 week low of $26.93 and a 52 week high of $49.00. The stock has a market cap of $10.73 billion and a PE ratio of 69.03.

Quebecor (OTCMKTS:QBCRF) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $982.02 million. Quebecor had a net margin of 15.55% and a return on equity of 33.84%.

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.