Quebecor Inc. (OTCMKTS:QBCRF) Sees Large Drop in Short Interest

Quebecor Inc. (OTCMKTS:QBCRF) saw a significant 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. Based on an average trading volume of 271 shares, the short-interest ratio is presently 4,644.1 days. Approximately 0.6% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research firms have weighed in on QBCRF. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Friday, May 15th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Finally, TD Securities reiterated a “buy” rating on shares of Quebecor in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Quebecor has an average rating of “Moderate Buy”.

Quebecor Stock Performance

Shares of Quebecor stock opened at $48.32 on Monday. Quebecor has a 52-week low of $26.93 and a 52-week high of $48.90. The company has a fifty day moving average of $45.77 and a 200-day moving average of $41.45. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 2.39.

Quebecor (OTCMKTS:QBCRF) last released its earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $1 billion for 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%.

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.