Quebecor (TSE:QBR.A) Hits New 1-Year High – What’s Next?

Shares of Quebecor, Inc. (TSE:QBR.A) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$61.06 and last traded at C$61.06, with a volume of 1019 shares. The stock had previously closed at C$57.42.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on Quebecor from C$63.00 to C$69.00 in a report on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$56.13.

Quebecor Price Performance

The company has a market cap of C$14.77 billion, a P/E ratio of 18.42, a PEG ratio of 1.44 and a beta of 0.78. The company has a fifty day moving average price of C$57.77 and a two-hundred day moving average price of C$53.49. The company has a debt-to-equity ratio of 363.97, a quick ratio of 0.35 and a current ratio of 1.01.

Quebecor Company Profile

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.