Corus Entertainment (TSE:CJR.B) Stock Price Up 33.3% – Time to Buy?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price rose 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 603,236 shares changed hands during trading, an increase of 121% from the average daily 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 weighed in on CJR.B. TD Securities decreased 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 reduced their price objective 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 analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Corus Entertainment currently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Price Performance

The stock has a market cap 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. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The company’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.06.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data 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. Equities research analysts expect 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.