Corus Entertainment (TSE:CJR.B) Stock Price Up 33.3% – Time to Buy?
by Danessa Lincoln · The Markets DailyCorus Entertainment Inc. (TSE:CJR.B – Get Free Report)’s stock price 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 Analysts Forecast Growth
Several research firms have recently commented on CJR.B. Royal Bank Of Canada lowered 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. 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of C$0.08.
Check Out Our Latest Report on CJR.B
Corus Entertainment Stock Performance
The stock has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.06. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The firm has a market capitalization of C$7.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.66.
Corus Entertainment (TSE:CJR.B – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of C$267.57 million during the quarter. On average, analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS for the current 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.