Corus Entertainment (TSE:CJR.B) Stock Price Down 22.2% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) was down 22.2% on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Securities lowered their price target on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada lowered their target price on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Stock Performance

The stock has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.09. The stock has a market cap of C$6.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$232.09 million during the quarter. Equities analysts predict that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets.