Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – What’s Next?

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 14.3% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 191,415 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 273,853 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

CJR.B has been the topic of a number of recent research reports. TD Securities cut their target price on shares of 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 shares of 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Corus Entertainment currently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

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 market capitalization of C$6.98 million, a PE ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.66. The business’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.06.

Corus Entertainment (TSE:CJR.B) last announced its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$267.57 million for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, equities research analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current year.

About Corus Entertainment

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. The company generates the vast majority of its revenue in Canada.