Corus Entertainment (TSE:CJR.B) Shares Up 12.5% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) was up 12.5% during trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 548,652 shares traded hands during trading, a decline of 15% from the average daily volume of 645,649 shares. The stock had previously closed at C$0.08.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price target on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Corus Entertainment presently has an average rating of “Reduce” and a consensus price target of C$0.30.

Corus Entertainment Stock Performance

The company has a market cap of C$17.65 million, a PE ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.07. The company’s fifty day moving average price is C$0.11 and its 200 day moving average price is C$0.13. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70.

About Corus Entertainment

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.