Corus Entertainment (TSE:CJR.B) Stock Price Down 11.1% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B) shares dropped 11.1% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 183,348 shares changed hands during trading, a decline of 25% from the average daily volume of 243,506 shares. The stock had previously closed at C$0.05.

Analyst Upgrades and Downgrades

CJR.B has been the topic of a number of recent research reports. TD Securities decreased their target price on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada reduced their price target on shares of 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. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Trading Down 11.1%

The company has a market cap of C$7.98 million, a PE ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.88. The company has a debt-to-equity ratio of 254.56, a quick ratio of 0.70 and a current ratio of 0.69. The company has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09.

Corus Entertainment (TSE:CJR.B) last issued its earnings results on Thursday, October 30th. The company reported C($1.39) 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. 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.