Corus Entertainment (TSE:CJR.B) Trading 16.7% Higher – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s share price shot up 16.7% on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 573,236 shares changed hands during trading, an increase of 110% from the average session volume of 272,559 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

CJR.B has been the topic of a number of analyst reports. Royal Bank Of Canada cut their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities dropped their price objective 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. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Up 16.7%

The company has a 50 day moving average of C$0.04 and a two-hundred day moving average of C$0.06. The stock has a market capitalization of C$6.98 million, a PE ratio of -0.02, a P/E/G 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 quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$267.57 million during the quarter. Sell-side analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.

About Corus Entertainment

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.