Corus Entertainment (TSE:CJR.B) Trading Up 19.2%

Corus Entertainment Inc. (TSE:CJR.B)’s stock price shot up 19.2% on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. 993,761 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 698,915 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CJR.B. Royal Bank of Canada lowered their target price on Corus Entertainment from C$0.50 to C$0.30 and set a “sector perform” rating for the company in a research note on Tuesday, July 16th. Scotiabank lowered their price objective on Corus Entertainment from C$0.37 to C$0.05 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. TD Securities lowered Corus Entertainment from a “hold” rating to a “sell” rating and lowered their price objective for the stock from C$0.35 to C$0.05 in a research report on Tuesday, July 16th. Canaccord Genuity Group lowered their price objective on Corus Entertainment from C$0.25 to C$0.10 and set a “sell” rating for the company in a research report on Tuesday, July 16th. Finally, National Bankshares lowered their price objective on Corus Entertainment from C$0.25 to C$0.24 and set an “underperform” rating for the company in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of C$0.31.

Corus Entertainment Stock Performance

The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The stock has a market cap of C$40.20 million, a P/E ratio of -0.06, a PEG ratio of -0.61 and a beta of 2.03. The stock has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.37.

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.