Corus Entertainment (TSE:CJR.B) Stock Price Up 12.5% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B)’s stock price shot up 12.5% during trading on Tuesday . The company traded as high as C$0.10 and last traded at C$0.09. 548,652 shares changed hands during trading, a decline of 15% from the average session volume of 645,649 shares. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada decreased their price target on Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of C$0.30.

Corus Entertainment Trading Up 12.5 %

The stock has a market cap of C$17.65 million, a price-to-earnings ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.07. The business has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.13. 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 Company Profile

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.