Quebecor (TSE:QBR.A) Reaches New 1-Year High – Here’s What Happened

Quebecor, Inc. (TSE:QBR.A)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$65.59 and last traded at C$65.59, with a volume of 667 shares. The stock had previously closed at C$65.40.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Quebecor from C$63.00 to C$69.00 in a research note on Friday, May 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$56.13.

Quebecor Stock Performance

The stock has a market capitalization of C$14.82 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.78. The company has a fifty day moving average of C$58.29 and a two-hundred day moving average of C$54.15. The company has a current ratio of 1.01, a quick ratio of 0.35 and a debt-to-equity ratio of 363.97.

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.