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

Corus Entertainment Inc. (TSE:CJR.B) shares shot up 33.3% on Saturday . The stock 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Royal Bank Of Canada decreased their target price on 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. TD Securities reduced their price objective 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 analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Price Performance

The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The stock 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. The business’s 50 day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) earnings per share (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. Research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.