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

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

Wall Street Analysts Forecast Growth

CJR.B has been the subject of a number of research reports. Royal Bank Of Canada dropped 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 report on Wednesday, October 29th. TD Securities dropped their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Check Out Our Latest Stock Report on CJR.B

Corus Entertainment Price Performance

The firm has a fifty 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$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 has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

Corus Entertainment (TSE:CJR.BGet Free Report) last issued its earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$267.57 million for the quarter. On average, analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current year.

About Corus Entertainment

(Get Free Report)

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.

Further Reading

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