Corus Entertainment (TSE:CJR.B) Shares Up 33.3% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) rose 33.3% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 603,236 shares were traded during trading, an increase of 121% from the average daily volume of 273,527 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada decreased 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 on the stock in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The firm has a market cap 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 stock has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.06. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results 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 firm had revenue of C$267.57 million for the quarter. As a group, analysts anticipate 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.