Corus Entertainment (TSE:CJR.B) Shares Cross Above 200 Day Moving Average of $0.00

Shares of Corus Entertainment Inc. (TSE:CJR.B) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$6.32. Corus Entertainment shares last traded at C$6.28, with a volume of 324,822 shares trading hands.

CJR.B has been the subject of a number of analyst reports. National Bankshares raised their price objective on Corus Entertainment from C$6.50 to C$8.00 and gave the company an “outperform” rating in a research report on Monday, March 22nd. Canaccord Genuity lifted their target price on Corus Entertainment from C$7.00 to C$7.50 and gave the stock a “strong-buy” rating in a report on Monday, April 12th. Scotiabank lifted their target price on Corus Entertainment from C$6.00 to C$10.00 and gave the stock an “outperform” rating in a report on Monday, April 12th. CIBC lifted their target price on Corus Entertainment from C$6.25 to C$7.25 and gave the stock a “strong-buy” rating in a report on Monday, April 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a C$7.00 target price (up previously from C$6.00) on shares of Corus Entertainment in a report on Friday, April 9th. Four equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Strong Buy” and an average price target of C$7.72.

The company has a market cap of C$1.32 billion and a P/E ratio of -2.16. The company has a debt-to-equity ratio of 137.00, a current ratio of 0.69 and a quick ratio of 0.65. The stock’s 50-day simple moving average is C$6.04.

Corus Entertainment Company Profile (TSE:CJR.B)

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.

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