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

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

Wall Street Analysts Forecast Growth

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

Corus Entertainment Trading Up 12.5 %

The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The firm has a market cap 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. The company’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.13.

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.