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

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. TD Securities cut their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research note on Tuesday, November 4th. Royal Bank Of Canada cut 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Up 33.3%

The company has a 50 day simple moving average of C$0.04 and a 200 day simple moving average of C$0.06. The company has a market capitalization of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.66. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

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