Corus Entertainment (TSE:CJR.B) Stock Price Down 12.5% – What’s Next?

Corus Entertainment Inc. (TSE:CJR.B) shares traded down 12.5% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 123,885 shares changed hands during trading, a decline of 63% from the average session volume of 330,984 shares. The stock had previously closed at C$0.04.

Analyst Ratings Changes

A number of research analysts have issued reports on CJR.B shares. Royal Bank Of Canada reduced their target price on shares of 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 price objective on shares of 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Trading Down 12.5%

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 stock has a market capitalization of C$6.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.68. The business has a 50 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 quarterly earnings data on Wednesday, January 14th. The company reported C($0.01) EPS 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$267.57 million for the quarter. On average, equities analysts predict 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. The company generates the vast majority of its revenue in Canada.