Corus Entertainment (TSE:CJR.B) Shares Up 16.7% – Should You Buy?

Corus Entertainment Inc. (TSE:CJR.B) shares rose 16.7% during mid-day trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 573,236 shares were traded during trading, an increase of 110% from the average daily volume of 272,559 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

CJR.B has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of 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. TD Securities decreased their price objective on 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. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Up 33.3%

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 business’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.06. The stock has a market capitalization of C$7.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.66.

Corus Entertainment (TSE:CJR.B) last announced 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. As a group, analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS 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.