Corus Entertainment (TSE:CJR.B) Shares Up 20%

Corus Entertainment Inc. (TSE:CJR.B)’s share price was up 20% during mid-day trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 192,870 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 720,587 shares. The stock had previously closed at C$0.15.

Wall Street Analyst Weigh In

A number of analysts recently weighed in 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 research note on Tuesday, July 16th. National Bankshares decreased their price target on shares of Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research note on Tuesday, July 16th. Canaccord Genuity Group decreased their price target on shares of Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research note on Tuesday, July 16th. Scotiabank reduced their target price on shares of Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research note on Tuesday, July 16th. Finally, TD Securities cut shares of Corus Entertainment from a “hold” rating to a “sell” rating and reduced their target price for the stock from C$0.35 to C$0.05 in a research note on Tuesday, July 16th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, Corus Entertainment presently has a consensus rating of “Reduce” and an average price target of C$0.31.

Corus Entertainment Trading Up 13.3 %

The company has a market cap of C$33.33 million, a price-to-earnings ratio of -0.04, a P/E/G ratio of -0.61 and a beta of 2.03. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The firm’s fifty day moving average price is C$0.13 and its 200-day moving average price is C$0.36.

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.