Corus Entertainment (TSE:CJR.B) Trading Down 12.5% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s share price traded down 12.5% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 187,758 shares were traded 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 Ratings Changes

Several equities research analysts recently commented on the stock. TD Securities dropped their price objective on shares of Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a research note on Tuesday, November 4th. 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. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Corus Entertainment presently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Stock Down 12.5%

The company has a market cap of C$6.98 million, a P/E ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.88. The company’s 50-day moving average is C$0.07 and its two-hundred day moving average is 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 released its quarterly earnings data on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The business had revenue of C$232.09 million for the quarter. As a group, equities analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.