Corus Entertainment (TSE:CJR.B) Stock Price Up 16.7% – Still a Buy?

Corus Entertainment Inc. (TSE:CJR.B) shares shot up 16.7% 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 target price on 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 equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and a consensus price target of C$0.30.

Corus Entertainment Stock Performance

The company’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The firm has a market capitalization of C$20.59 million, a PE ratio of -0.03, a price-to-earnings-growth ratio of -0.61 and a beta of 2.07.

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.