Corus Entertainment (TSE:CJR.B) Stock Price Up 33.3% – Time to Buy?

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

CJR.B has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities decreased their target price on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report 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 MarketBeat, the stock has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Price Performance

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 stock has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$7.98 million, a price-to-earnings 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 issued its quarterly earnings results 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 business had revenue of C$267.57 million for the quarter. As a group, equities research analysts expect 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.