Corus Entertainment (TSE:CJR.B) Trading Up 19.2%

Corus Entertainment Inc. (TSE:CJR.B)’s stock price shot up 19.2% during trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 993,761 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 698,915 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CJR.B shares. Royal Bank of Canada decreased their price target on shares of Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating for the company in a report on Tuesday, July 16th. Scotiabank reduced their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Canaccord Genuity Group reduced their price objective on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research report on Tuesday, July 16th. National Bankshares reduced their price objective on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Finally, TD Securities cut Corus Entertainment from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Corus Entertainment presently has a consensus rating of “Reduce” and an average price target of C$0.31.

Corus Entertainment Stock Performance

The stock has a market capitalization of C$40.20 million, a P/E ratio of -0.06, a PEG ratio of -0.61 and a beta of 2.03. The firm has a 50-day moving average of C$0.13 and a 200 day moving average of C$0.37. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment Company Profile

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.