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

Corus Entertainment Inc. (TSE:CJR.B)’s share price traded down 25% during mid-day trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. 561,480 shares changed hands during mid-day 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

A number of brokerages have recently weighed in on CJR.B. Royal Bank Of Canada dropped their target price 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 lowered their price objective 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.com, the stock has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Trading Down 12.5%

The company has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. The company has a current ratio of 0.69, a quick ratio of 0.70 and a debt-to-equity ratio of 254.56. The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.07.

Corus Entertainment (TSE:CJR.B) last released 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 analysts anticipate that Corus Entertainment Inc. will post 0.0540541 EPS 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. The company generates the vast majority of its revenue in Canada.