Corus Entertainment (TSE:CJR.B) Shares Up 33.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B)’s share price shot up 33.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 603,236 shares changed hands during trading, an increase of 121% from the average session volume of 273,527 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

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

Corus Entertainment Stock Up 33.3%

The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.06. The company has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.66.

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 net margin of 51.98% and a negative return on equity of 1,490.58%. The firm had revenue of C$267.57 million during the quarter. Sell-side 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.