JPMorgan Chase & Co. Boosts Quebecor (TSE:QBR.A) Price Target to C$69.00

Quebecor (TSE:QBR.A) had its price objective hoisted by analysts at JPMorgan Chase & Co. from C$63.00 to C$69.00 in a research note issued on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.15% from the company’s current price.

Quebecor Trading Up 4.9%

Shares of TSE:QBR.A traded up C$3.02 during trading on Friday, hitting C$65.00. The company had a trading volume of 987 shares, compared to its average volume of 1,370. The stock has a market cap of C$14.68 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.44 and a beta of 0.78. Quebecor has a one year low of C$37.16 and a one year high of C$65.00. The company has a fifty day simple moving average of C$57.65 and a two-hundred day simple moving average of C$53.40. The company has a debt-to-equity ratio of 363.97, a current ratio of 1.01 and a quick ratio of 0.35.

About Quebecor

Quebecor primarily provides mobile and fixed-line telecom services in Quebec where it is the leading telecom provider. With more than 1.8 million internet subscribers Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers representing more than 20% wireless market share in Quebec. In addition to the quadruple-play services Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations publishes newspapers and magazines and produces and distributes films and television shows.