Corus Entertainment (TSE:CJR.B) Stock Price Up 33.3% – Here’s Why

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CJR.B shares. TD Securities dropped their target price on 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. Royal Bank Of Canada reduced their price objective 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 investment 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 presently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The business’s 50-day moving average is C$0.04 and its 200-day moving average is C$0.06. The company has a market capitalization of C$7.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.66.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) earnings per share 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 during the quarter. On average, research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.