Corus Entertainment (TSE:CJR.B) Shares Up 33.3% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price rose 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 traded hands 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.

Analyst Upgrades and Downgrades

Several research firms have commented on CJR.B. TD Securities decreased their price target on shares of 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. Royal Bank Of Canada reduced their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Up 33.3%

The company has a 50-day moving average of C$0.04 and a 200-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 company has a market capitalization 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) earnings per share 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 during the quarter. On average, equities analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal year.

Corus Entertainment Company Profile

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.