Corus Entertainment (TSE:CJR.B) Stock Price Up 16.7% – Should You Buy?

Corus Entertainment Inc. (TSE:CJR.B) shares rose 16.7% during trading on Wednesday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 99,884 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 252,495 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

CJR.B has been the topic of several recent research reports. TD Securities reduced their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada dropped their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Price Performance

The firm has a market capitalization of C$5.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.66. The company has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$267.57 million during the quarter. On average, equities analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.