Corus Entertainment (TSE:CJR.B) Trading Down 14.3% – Here’s What Happened

Corus Entertainment Inc. (TSE:CJR.B)’s share price was down 14.3% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 694,740 shares traded hands during trading, an increase of 34% from the average daily volume of 516,547 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CJR.B shares. TD Securities lowered 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 note on Tuesday, November 4th. Royal Bank Of Canada decreased their price objective on shares of Corus Entertainment from C$0.20 to C$0.15 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Corus Entertainment presently has an average rating of “Reduce” and an average target price of C$0.08.

Corus Entertainment Stock Down 14.3%

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 cap of C$5.98 million, a P/E ratio of -0.02, a PEG ratio of -0.61 and a beta of 1.68. The company’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.08.

Corus Entertainment (TSE:CJR.B) last announced its earnings results on Thursday, October 30th. The company reported C($0.36) EPS for the quarter. The business had revenue of C$232.09 million for the quarter. Corus Entertainment had a negative net margin of 51.98% and a negative return on equity of 1,490.58%. Equities analysts forecast that Corus Entertainment Inc. will post 0.0540541 earnings per share for the current 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.