Corus Entertainment (TSE:CJR.B) Trading Up 18.8% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) shares were up 18.8% on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 502,652 shares were traded during trading, a decline of 22% from the average daily volume of 645,389 shares. The stock had previously closed at C$0.08.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased 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 research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of C$0.30.

Corus Entertainment Price Performance

The business has a fifty day moving average of C$0.11 and a two-hundred day moving average of C$0.13. The firm has a market capitalization of C$18.63 million, a price-to-earnings ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

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.