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

Corus Entertainment Inc. (TSE:CJR.B)’s share price shot up 33.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 603,236 shares were traded during trading, an increase of 121% from the average session volume of 273,527 shares. The stock had previously closed at C$0.03.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CJR.B shares. Royal Bank Of Canada lowered their price target on shares of 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. TD Securities lowered their target price on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Corus Entertainment has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Up 33.3%

The firm has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.06. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.66.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) 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 firm had revenue of C$267.57 million during the quarter. On average, equities research analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS 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.