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

Corus Entertainment Inc. (TSE:CJR.B) traded up 33.3% during trading on Saturday . The stock traded as high as C$0.04 and last traded at C$0.04. 603,236 shares traded 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

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

Corus Entertainment Price Performance

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

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$267.57 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, sell-side analysts expect 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.