Corus Entertainment (TSE:CJR.B) Stock Price Down 12.5% – Should You Sell?

Corus Entertainment Inc. (TSE:CJR.B) dropped 12.5% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 560,480 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 438,823 shares. The stock had previously closed at C$0.04.

Analysts Set New Price Targets

CJR.B has been the subject of a number of research reports. TD Securities reduced their price objective on Corus Entertainment from C$0.05 to C$0.01 and set a “sell” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada cut their price target on 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Corus Entertainment has an average rating of “Reduce” and an average price target of C$0.08.

Corus Entertainment Stock Performance

The company has a market cap of C$6.98 million, a price-to-earnings ratio of -0.02, a P/E/G ratio of -0.61 and a beta of 1.68. The company has a debt-to-equity ratio of 254.56, a current ratio of 0.69 and a quick ratio of 0.70. The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.07.

Corus Entertainment (TSE:CJR.B) last posted its earnings results on Thursday, October 30th. The company reported C($0.36) earnings per share (EPS) for the quarter. The firm had revenue of C$232.09 million during the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. On average, sell-side analysts expect 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. The company generates the vast majority of its revenue in Canada.