Corus Entertainment (TSE:CJR.B) Shares Down 14.3% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B)’s stock price traded down 14.3% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. 191,415 shares changed hands during trading, a decline of 31% from the average session volume of 277,024 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a research report on Wednesday, October 29th. TD Securities reduced their target price on 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Performance

The stock has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.06. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a market cap of C$6.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.66.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$267.57 million during 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 predict 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.