Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – Here’s Why

Corus Entertainment Inc. (TSE:CJR.B)’s stock price fell 22.2% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 212,363 shares were traded during trading, a decline of 12% from the average session volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

CJR.B has been the topic of a number of recent research reports. TD Securities dropped 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 report on Tuesday, November 4th. Royal Bank Of Canada decreased 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 note on Wednesday, October 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Corus Entertainment has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Stock Down 22.2%

The firm has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.09. 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 firm has a market cap 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 1.88.

Corus Entertainment (TSE:CJR.B) last posted its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. The company had revenue of C$232.09 million during the quarter. On average, equities research 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.