Corus Entertainment (TSE:CJR.B) Trading Up 33.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price was up 33.3% on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 603,236 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 273,236 shares. The stock had previously closed at C$0.03.

Analyst Ratings Changes

A number of research analysts recently issued reports on CJR.B shares. TD Securities lowered their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Corus Entertainment presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Up 33.3%

The stock’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.06. The company has a market cap of C$7.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.66. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last issued its 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 firm had revenue of C$267.57 million during the quarter. Research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.