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

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 14.3% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares were traded during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Analyst Upgrades and Downgrades

CJR.B has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target 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. TD Securities cut their price objective on 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.08. The company has a market capitalization of C$5.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. 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 Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, sell-side analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS 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. The company generates the vast majority of its revenue in Canada.