Corus Entertainment (TSE:CJR.B) Trading Down 11.1% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) traded down 11.1% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 187,348 shares traded hands during trading, a decline of 23% from the average session volume of 244,065 shares. The stock had previously closed at C$0.05.

Wall Street Analyst Weigh In

A number of research firms recently commented on CJR.B. Royal Bank Of Canada lowered their price objective 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. TD Securities lowered their price target 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of C$0.08.

Corus Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The company has a market capitalization of C$8.97 million, a price-to-earnings ratio of -0.03, a P/E/G ratio of -0.61 and a beta of 1.88. The stock’s fifty day moving average price is C$0.08 and its 200-day moving average price is C$0.09.

Corus Entertainment (TSE:CJR.B) last announced its earnings results on Thursday, October 30th. The company reported C($1.39) EPS for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The business had revenue of C$232.09 million for the quarter. On average, sell-side analysts predict that Corus Entertainment Inc. will post 0.0540541 earnings per share 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.