Corus Entertainment (TSE:CJR.B) Trading Up 33.3% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B)’s share price was up 33.3% during mid-day trading on Saturday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 603,236 shares were traded 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.

Wall Street Analyst Weigh In

CJR.B has been the topic of several research analyst reports. TD Securities decreased their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada reduced their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock 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 firm’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06. The company has a market cap 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 posted its earnings results on Wednesday, January 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$267.57 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, equities research analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.