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

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CJR.B. TD Securities reduced their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a report on Tuesday, November 4th. Royal Bank Of Canada dropped their price target 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 report on Wednesday, October 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Stock Performance

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

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

About Corus Entertainment

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.