Corus Entertainment (TSE:CJR.B) Trading Down 22.2% – Here’s Why

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CJR.B shares. Royal Bank Of Canada lowered their target price on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities reduced their price target on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report 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 company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Trading Down 22.2%

The company has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a PEG 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. The stock has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.09.

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) 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. As a group, equities research analysts anticipate 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.