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

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CJR.B. TD Securities decreased their price objective on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada reduced 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 report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The company has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of 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.

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