Quebecor (TSE:QBR.A) Sets New 52-Week High – Time to Buy?

Quebecor, Inc. (TSE:QBR.A)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$67.00 and last traded at C$66.80, with a volume of 377 shares trading hands. The stock had previously closed at C$66.20.

Analyst Ratings Changes

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

Quebecor Trading Up 0.9%

The firm has a market cap of C$15.05 billion, a PE ratio of 18.82, a P/E/G ratio of 1.44 and a beta of 0.78. The company’s fifty day moving average price is C$58.57 and its two-hundred day moving average price is C$54.46. 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.