Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Update

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

Quebecor Price Performance

Quebecor stock opened at $48.32 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 2.39. Quebecor has a 1-year low of $26.93 and a 1-year high of $48.90. The firm has a 50-day moving average of $45.77 and a 200-day moving average of $41.45.

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, beating analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Scotiabank reiterated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Quebecor in a research note on Friday, May 15th. Finally, TD Securities reiterated a “buy” rating on shares of Quebecor in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Quebecor has a consensus 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.