Corus Entertainment (TSE:CJR.B) Shares Down 7.5%

Shares of Corus Entertainment Inc. (TSE:CJR.B) traded down 7.5% during trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.19. 2,600,145 shares changed hands during trading, an increase of 284% from the average session volume of 677,150 shares. The stock had previously closed at C$0.20.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canaccord Genuity Group dropped their price target on shares of Corus Entertainment from C$0.65 to C$0.25 and set a “sell” rating for the company in a research report on Monday, June 10th. Royal Bank of Canada decreased their price objective on shares of Corus Entertainment from C$1.25 to C$0.50 and set a “sector perform” rating for the company in a research note on Tuesday, June 11th. TD Securities decreased their price objective on shares of Corus Entertainment from C$0.70 to C$0.35 and set a “hold” rating for the company in a research note on Wednesday, June 12th. CIBC decreased their price objective on shares of Corus Entertainment from C$1.15 to C$0.85 and set a “neutral” rating for the company in a research note on Monday, April 15th. Finally, Cormark decreased their price objective on shares of Corus Entertainment from C$1.00 to C$0.60 in a research note on Monday, April 15th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, Corus Entertainment presently has a consensus rating of “Hold” and an average target price of C$0.45.

Corus Entertainment Stock Down 25.0 %

The firm has a market capitalization of C$29.41 million, a PE ratio of -0.08, a P/E/G ratio of -0.61 and a beta of 2.08. The firm’s 50 day moving average price is C$0.34 and its two-hundred day moving average price is C$0.60. The company has a quick ratio of 0.70, a current ratio of 0.65 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.