Abstract: In this paper, we study the linear mapping which sends the sequence x=(xn​)<em>n∈N to y=(yn​)</em>n∈N where yn​=∑k=1​<sup>∞</sup>f(n/k)xk​ for f:Q<sup>+</sup>→C. This operator is the multiplicative analogue of the classical Toeplitz operator, and as such we denote the mapping by M<em>f. We show that for 1≤p≤q≤∞, if f∈ℓ<sup>r(Q<sup>+), then Mf​:ℓ<sup>p</sup>→ℓ<sup>q is bounded where r1​=1−p1​+q1​. Moreover, for the cases when p=1 with any q, p=q, and q=∞ with any p, we find that the operator norm is given by ∣Mf​∣</em>p,q=∣f∣r,Q<sup>+​ when f≥0. Finding a necessary condition and the operator norm for the remaining cases highlights an interesting connection between the operator norm of Mf​ and elements in ℓ<sup>p that have a multiplicative structure, when considering f:N→C. We also provide an argument suggesting that f∈ℓ<sup>r may not be a necessary condition for boundedness when $1<p<q<\infty$.