Corus Entertainment (TSE:CJR.B) Trading Up 12.5% – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price 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 equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, Corus Entertainment presently has a consensus rating of “Reduce” and a consensus target price of C$0.30.

Corus Entertainment Stock Performance

The business’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. The stock has a market capitalization 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.

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.