Corus Entertainment (TSE:CJR.B) Shares Down 25% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 25% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 561,480 shares were traded during trading, an increase of 28% from the average session volume of 438,948 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

Several equities analysts recently commented on CJR.B shares. TD Securities decreased 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 research note on Tuesday, November 4th. Royal Bank Of Canada decreased their target price 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. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Corus Entertainment currently has a consensus rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Down 12.5%

The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.07. The stock has a market capitalization of C$6.98 million, a P/E ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69.

Corus Entertainment (TSE:CJR.B) last posted 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 return on equity of 1,490.58% and a negative net margin of 51.98%. As a group, equities research analysts forecast that Corus Entertainment Inc. will post 0.0540541 EPS 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.