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

Shares of Corus Entertainment Inc. (TSE:CJR.B) were 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. Approximately 694,740 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

Several research firms have weighed in on CJR.B. Royal Bank Of Canada cut their price objective 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. TD Securities lowered their target price on 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. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 14.3%

The firm has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.08. The firm has a market cap of C$5.98 million, a PE ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68. The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (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 firm had revenue of C$232.09 million during the quarter. Equities analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.