Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 12.5% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 187,758 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 239,787 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on 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. 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 report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Corus Entertainment currently has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Price Performance

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

Corus Entertainment (TSE:CJR.B) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. The company had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. On average, equities research analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current 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.