Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 22.2% on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 212,363 shares traded hands 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.

Wall Street Analysts Forecast Growth

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

Corus Entertainment Stock Performance

The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The company has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The firm has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.09.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The business had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. As a group, 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.