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

Shares of Corus Entertainment Inc. (TSE:CJR.B) 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 changed hands 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 brokerages have recently issued reports on CJR.B. TD Securities reduced 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 report on Tuesday, November 4th. Royal Bank Of Canada cut 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 report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Up 33.3%

The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.06. The stock has a market capitalization of C$7.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.66. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

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. The company had revenue of C$267.57 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS 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.