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

Shares of Corus Entertainment Inc. (TSE:CJR.B) dropped 14.3% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 316,810 shares traded hands during trading, an increase of 23% from the average daily volume of 256,620 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 stock. Royal Bank Of Canada dropped 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 note on Wednesday, October 29th. TD Securities lowered their price target 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. 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 target price of C$0.08.

Corus Entertainment Trading Down 14.3%

The company’s fifty day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06. The firm has a market capitalization of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.66. 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 released its quarterly earnings results on Wednesday, January 14th. The company reported C($0.01) 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 company had revenue of C$267.57 million for the quarter. As a group, sell-side analysts expect that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.