Corus Entertainment (TSE:CJR.B) Trading 16.7% Higher – Still a Buy?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price was up 16.7% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 264,981 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 645,776 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their target price on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating for the company in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of C$0.30.

Corus Entertainment Price Performance

The stock has a market cap of C$20.59 million, a price-to-earnings ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.07. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The stock’s 50 day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.13.

About Corus Entertainment

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.