Corus Entertainment (TSE:CJR.B) Stock Price Down 30.8% on Analyst Downgrade

Corus Entertainment Inc. (TSE:CJR.B) traded down 30.8% during mid-day trading on Tuesday after TD Securities lowered their price target on the stock from C$0.05 to C$0.01. TD Securities currently has a sell rating on the stock. Corus Entertainment traded as low as C$0.03 and last traded at C$0.05. 3,260,767 shares traded hands during trading, an increase of 1,402% from the average session volume of 217,086 shares. The stock had previously closed at C$0.07.

Separately, Royal Bank Of Canada cut their price target on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Trading Down 38.5%

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’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.10. The company has a market capitalization of C$7.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.80.

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.