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

Shares of Corus Entertainment Inc. (TSE:CJR.B) shot up 33.3% during mid-day trading on Saturday . 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada cut their price objective on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. TD Securities cut 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 report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Trading Up 33.3%

The company has a market cap of C$7.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.66. 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 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 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 predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.