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 Price Performance

Quebecor stock traded up C$3.02 during midday trading on Friday, reaching C$65.00. 987 shares of the stock traded hands, compared to its average volume of 1,370. The stock’s fifty day moving average is C$57.65 and its 200-day moving average is C$53.40. Quebecor has a 12 month low of C$37.16 and a 12 month high of C$65.00. The stock has a market cap of C$14.68 billion, a P/E ratio of 18.31, a PEG ratio of 1.44 and a beta of 0.78. The company has a quick ratio of 0.35, a current ratio of 1.01 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.