Corus Entertainment (TSE:CJR.B) Stock Price Down 11.1% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 11.1% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 187,348 shares were traded during mid-day trading, a decline of 23% from the average session volume of 244,047 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank Of Canada lowered 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 note on Wednesday, October 29th. TD Securities lowered their target price on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Corus Entertainment currently has an average rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Price Performance

The business’s 50-day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09. The stock has a market cap of C$7.98 million, a PE ratio of -0.02, a PEG 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 posted its earnings results on Thursday, October 30th. The company reported C($1.39) earnings per share for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The firm had revenue of C$232.09 million for the quarter. On average, research analysts expect 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.