Quebecor Inc. (OTCMKTS:QBCRF) Short Interest Down 47.4% in June

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on QBCRF shares. Scotiabank restated a “sector perform” rating on shares of Quebecor in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Quebecor in a report on Friday, July 10th. TD Securities reaffirmed a “buy” rating on shares of Quebecor in a research report on Monday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Quebecor in a report on Friday, May 15th. Finally, Raymond James Financial started coverage on Quebecor in a report on Wednesday. They set a “market perform” rating on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Quebecor Trading Up 0.5%

Shares of QBCRF opened at $47.86 on Friday. Quebecor has a twelve month low of $26.93 and a twelve month high of $49.00. The firm has a market capitalization of $10.79 billion and a P/E ratio of 69.36. The firm’s 50-day moving average is $47.62 and its two-hundred day moving average is $42.49. 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 (OTCMKTS:QBCRF) last posted its earnings results on Thursday, May 14th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Quebecor had a return on equity of 33.84% and a net margin of 15.55%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.02 million.

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.