Corus Entertainment (TSE:CJR.B) Shares Down 22.2% – What’s Next?

Shares of Corus Entertainment Inc. (TSE:CJR.B) were down 22.2% during trading on Saturday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 212,363 shares traded hands during trading, a decline of 12% from the average daily volume of 241,019 shares. The stock had previously closed at C$0.05.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada reduced their price target on Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating on the stock in a report on Wednesday, October 29th. TD Securities cut their target price on shares of 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Corus Entertainment has a consensus rating of “Reduce” and a consensus target price of C$0.08.

Corus Entertainment Stock Performance

The firm 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 1.88. The company has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.09. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (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 firm had revenue of C$232.09 million for the quarter. On average, equities analysts anticipate that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current fiscal 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.