Corus Entertainment (TSE:CJR.B) Shares Up 12.5% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) shares traded up 12.5% on Tuesday . The company traded as high as C$0.10 and last traded at C$0.09. 548,652 shares traded hands during mid-day 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 dropped their target price on shares of Corus Entertainment from C$0.30 to C$0.20 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Corus Entertainment currently has an average rating of “Reduce” and an average price target of C$0.30.

Corus Entertainment Stock Up 12.5 %

The company’s fifty day moving average is C$0.11 and its 200-day moving average is C$0.13. The company has a market cap of C$17.65 million, a PE ratio of -0.03, a PEG ratio of -0.61 and a beta of 2.07. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

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.