Corus Entertainment (TSE:CJR.B) Trading 16.7% Higher – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s share price traded up 16.7% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 264,981 shares were traded during trading, a decline of 59% from the average session volume of 645,776 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of C$0.30.

Corus Entertainment Price Performance

The business has a fifty day moving average of C$0.11 and a 200 day moving average of 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 cap of C$20.59 million, a PE ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 2.07.

About Corus Entertainment

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.